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99g-23
99G.23 VENDOR BONDING, TAX FILING, AND COMPETITIVE
BIDDING.
1. The authority may purchase, lease, or lease-purchase such
goods or services as are necessary for effectuating the purposes of
this chapter. The authority may make procurements that integrate
functions such as lottery game design, lottery ticket distribution to
retailers, supply of goods and services, and advertising. In all
procurement decisions, the authority shall take into account the
particularly sensitive nature of the lottery and shall act to promote
and ensure security, honesty, fairness, and integrity in the
operation and administration of the lottery and the objectives of
raising net proceeds for state programs.
2. Each vendor shall, at the execution of the contract with the
authority, post a performance bond or letter of credit from a bank or
credit provider acceptable to the authority in an amount as deemed
necessary by the authority for that particular bid or contract.
3. Each vendor shall be qualified to do business in this state
and shall file appropriate tax returns as provided by the laws of
this state.
4. All major procurement contracts must be competitively bid
pursuant to policies and procedures approved by the board unless
there is only one qualified vendor and that vendor has an exclusive
right to offer the service or product. Section History: Recent Form
2003 Acts, ch 178, §76, 121; 2003 Acts, ch 179, §142
