§ 4-30-10-1 — Remittance of funds to commission; deposit of funds in public depository; receipt of funds

Indiana § 4-30-10-1

• Jurisdiction: Indiana
• Art. 30: INDIANA STATE LOTTERY
• Ch. 10: Bank Deposits and Control of Lottery Transactions

Text

All money received by each retailer from the
operation of the lottery, including all ticket sales, interest, gifts, and
donations, less the amount retained as compensation for the sale of
tickets and the amount paid out as prizes, shall be remitted to the
commission or deposited in a public depository, at the times and as
directed by the commission. The commission is responsible for all
administrative functions related to the receipt of funds. The
commission may require each retailer to file with the commission
reports of the retailer's receipts and transactions in the sale of lottery
tickets in the form and containing the information the commission
requires. The commission may require any person, including a
qualified public depository, to perform any function, activity, or
services in connection with the operation that the commission
determines to be advisable under this article. These functions,
activities, or services constitute lawful functions, activities, and
services of the person.

Legislative History

As added by P.L.341-1989(ss), SEC.1.