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Can you summarize 4 TNCO Chapter 51?
State Government > Tennessee Education Lottery Implementation Law
Short Summary
The legal document reviewed pertains to the establishment and operation of the Tennessee education lottery corporation. It defines the corporation as a body, politic and corporate, and a quasi-public instrumentality. The corporation is responsible for operating a state lottery and other essential public functions. It is not considered a state agency or department but acts for the benefit of the people of the state. The document provides definitions for various terms used in the law, including ‘board,’ ‘chief executive officer,’ ‘corporation,’ ‘director,’ ’lottery,’ ’lottery proceeds,’ ’lottery retailer,’ ’lottery vendor,’ ‘minority-owned business,’ ’net proceeds,’ ‘operating expense,’ ‘person,’ ‘prize,’ ‘share,’ and ’ticket.’ It specifies that the definition of ’lottery’ does not include casino gambling or games of chance associated with casinos, as prohibited by the Tennessee Constitution, or video lottery. The document also outlines the duties and responsibilities of the chief executive officer (CEO) of the corporation, who is appointed by the board of directors and serves as an employee of the corporation. The CEO is responsible for directing the day-to-day operations and management of the corporation. The document further outlines the powers and authorities of the corporation, including the administration of the lottery, the establishment of regulations, policies, and procedures, the selection of vendors and retailers, and the establishment and maintenance of banking relationships. It also governs the investment of funds, the establishment of bank accounts, the adoption of regulations, policies, and procedures for lottery games, the establishment of a personnel program, the allocation and management of lottery proceeds, the promotion of minority-owned business participation, the requirements for major procurement contracts, the development and maintenance of a network of lottery retailers, the establishment of a lottery retailer advisory board, the sale of lottery tickets or shares, the withholding of attachments from lottery prizes, the treatment of confidential information, criminal history checks, and lottery integrity, the appeal process for retail contracts, the disposition of funds, the immunity of the corporation, and the establishment of various programs and mechanisms related to the lottery.
Whom does it apply to?
Tennessee education lottery corporation, board of directors, chief executive officer, lottery retailers, lottery vendors, minority-owned businesses
What does it govern?
Establishment and operation of the Tennessee education lottery corporation
What are exemptions?
The definition of 'lottery' does not include casino gambling or games of chance associated with casinos, as prohibited by the Tennessee Constitution, or video lottery.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Tennessee