State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 154A00 > 050

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Page 1 of 2 154A.050 Duties of board. (1) The board of directors shall provide the president with private-sector perspectives on the operation of a large marketing enterprise. The board shall: <br>(a) Approve, disapprove, amend, or modify the budget recommended by the president for the operation of the corporation; (b) Approve, disapprove, amend, or modify the terms of major lottery procurements recommended by the president; (c) Serve as a board of appeal for any denial, revocation, or cancellation by the president of a contract with a lottery retailer; and (d) Adopt, from time to time, administrative regulations which shall be subject to the provisions of KRS Chapter 13A, as may be necessary to carry out and <br>implement its powers and duties, the operation of the corporation, the conduct <br>of lottery games in general, and any other matters necessary or desirable for <br>the efficient and effective operation of the lottery or convenience of the <br>public. The board may adopt, without recourse to the administrative regulation <br>process unless it so desires, rules for the conduct of specific lottery games, <br>including but not limited to, rules specifying: <br>1. The types of games to be conducted; 2. The sale price of tickets; 3. The number and amount of prizes; 4. The method and location of selecting or validating winning tickets; 5. The frequency and the means of conducting drawings which shall be <br>open to the public; 6. The manner of payment of prizes; 7. The frequency of games and drawings; 8. The manner and amount of compensation to lottery retailers, except all <br>compensation shall be uniform; and 9. Any other matters necessary or desirable for the efficient and effective <br>operation of the lottery or for the convenience of the public. (2) In all other matters, the board shall advise and make recommendations. However, the board shall: <br>(a) Conduct hearings upon complaints charging violations of this chapter or of administrative regulations adopted by the corporation and shall conduct such <br>other hearings as may be provided by administrative regulation; (b) Review the performance of the corporation and: 1. Advise the president and make recommendations to him regarding <br>operations of the corporation; and 2. Identify potential improvements in this chapter, the administrative <br>regulations of the corporation, and the management of the corporation; (c) Request from the corporation any information the board determines to be relevant to its duties; and Page 2 of 2 (d) Report to the president of the corporation, the Governor, the President of the Senate, and the Speaker of the House of Representatives regarding its findings <br>and recommendations. Effective: July 15, 1994 <br>History: Amended 1994 Ky. Acts ch. 486, sec. 25, effective July 15, 1994. -- Amended 1990 Ky. Acts ch. 470, sec. 77, effective July 1, 1990. -- Created 1988 (lst Extra. <br>Sess.) Ky. Acts ch. 1, sec. 5, effective December 15, 1988.