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Can you summarize GACO 50-27-20?
General Provisions > Cancellation, suspension, revocation, or termination of retail contracts.
Short Summary
This section of the Georgia Code governs the cancellation, suspension, revocation, or termination of retail contracts related to the Lottery for Education. The retail contracts executed by the corporation must specify the reasons for which a contract may be canceled, suspended, revoked, or terminated. These reasons include violations of the chapter, failure to account for lottery tickets or revenues accurately, fraud or misrepresentation, insufficient sales, conduct prejudicial to public confidence in the lottery, retailer bankruptcy or receivership, material changes determined by the corporation, and failure to meet objective criteria established by the corporation. The chief executive officer or their designee has the discretion to cancel, suspend, revoke, or terminate a contract if it is in the best interest of the lottery, public welfare, or the State of Georgia. The decision can be appealed to the board. The document does not specify any penalties for non-compliance or violation of the contract terms.
Whom does it apply to?
Lottery retailers
What does it govern?
Cancellation, suspension, revocation, or termination of retail contracts
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Georgia