LAC 42:XV.531. Cancellation of Contracts

A. Any contract executed by the corporation pursuant to these retailer regulations and the Louisiana Lottery Corporation Law shall specify the reasons for which any contract may be canceled, suspended, revoked or terminated by the corporation, which reasons shall include but not be limited to: 1. commission of a violation of these retailer regulations, the Louisiana Lottery Corporation Law or administrative regulations adopted pursuant thereto or other provisions of Louisiana Law; 2. failure to accurately account for lottery tickets, revenues, or prizes as required by the corporation; 3. commission of any fraud, deceit, or misrepresentation; 4. insufficient sale of tickets; 5. conduct prejudicial to public confidence in the lottery; 6. the retailer filing for or being placed in bankruptcy or receivership; 7. any material change in any matter considered by the corporation in executing the contract with the retailer; or 8. failure to meet any of the objective criteria established by the board pursuant to these retailer regulations.