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Amusements and Sports > Oklahoma Education Lottery Act
Short Summary
The Oklahoma Education Lottery Act encompasses a wide range of legal documents that govern the operation, administration, and oversight of the Oklahoma Lottery Commission and the state lottery. It covers various aspects such as the composition and responsibilities of the Oklahoma Lottery Commission Legislative Oversight Committee, the authority of the oversight committee to conduct audits and investigations, the reporting requirements for minority business participation in lottery contracts, the limitations on the types of gaming allowed under the lottery act, the self-sustaining and self-funded nature of the Oklahoma Lottery Commission, the procurement processes for goods and services necessary for the lottery, the appeals process for aggrieved retailers and vendors, the issuance of negotiable bonds or promissory notes to cover lottery expenses, the penalties for fraudulent activities related to lottery tickets and prizes, the intelligence-sharing agreements with other entities, the prohibition of false statements in lottery applications and records, the restrictions on selling lottery tickets to minors, the use of web applications for lottery promotions, the order of withholdings from lottery prizes, the handling of lottery proceeds and payments, the restrictions on lottery employees participating in lottery games, the regulation of lottery ticket prices, the computation of rental payments for lottery retailers, the fiduciary duties of lottery retailers, the cancellation and termination of retail contracts, the qualification and compensation of lottery retailers, the transferability of lottery retailer contracts, the requirements for vendors contracting with the Oklahoma Lottery Commission, the promotion of minority business participation in lottery contracts, the investigation of lottery system vendors, the employment and personnel matters within the Oklahoma Lottery Commission, the powers and responsibilities of the Oklahoma Lottery Commission and Board of Trustees, the appropriations and investments related to the Oklahoma Education Lottery Trust Fund, and the establishment of the Oklahoma Education Lottery Revolving Fund. The Oklahoma Education Lottery Act aims to ensure the proper functioning, integrity, and financial sustainability of the state lottery while promoting educational programs and purposes.
Whom does it apply to?
The Oklahoma Education Lottery Act applies to the Oklahoma Lottery Commission, the board of trustees of the Oklahoma Lottery Commission, lottery retailers, prize winners, trustees of trusts established by deceased prize winners, employees of the Oklahoma Lottery Commission, vendors contracting with the Oklahoma Lottery Commission, and various entities involved in the operation, administration, and oversight of the state lottery.
What does it govern?
The Oklahoma Education Lottery Act governs the operation of the Oklahoma Lottery Commission, the distribution of prizes through lottery games, the handling of prize proceeds and payments, the qualifications and compensation of lottery retailers, the employment and personnel matters within the Oklahoma Lottery Commission, the powers and responsibilities of the Oklahoma Lottery Commission and Board of Trustees, the appropriations and investments related to the Oklahoma Education Lottery Trust Fund, and various other aspects related to the implementation and administration of the state lottery.
What are exemptions?
No specific exemptions are mentioned in the provided legal document content.
What are the Penalties?
No specific penalties for non-compliance or violation of the provisions are mentioned in the provided legal document content.
Jurisdiction
Oklahoma