16 Tex. Admin. Code § 401.353 - Retailer Settlements, Financial Obligations, and Commissions
(a) Each retailer
shall provide authorization for an account with EFT (electronic funds transfer)
capability to be used for weekly billing of all lottery products.
(b) Each retailer shall maintain an account
balance sufficient to cover monies due the commission for the established
billing period. The commission shall withdraw by EFT the amount due the
commission on the day specified by the executive director. In the event a bank
holiday falls on or before the day specified for withdrawal during the same
business week, the withdrawal shall occur one day later in the week than
normally scheduled. "Business week" means Sunday through Saturday. In the event
the commission changes the beginning and ending days of the business week, the
commission shall notify the retailers prior to the change.
(c) Each retailer shall receive credit on the
retailer's lottery account for redeeming winning tickets.
(d) Each retailer shall receive 5.0%
compensation on all sales from lottery games. A retailer may not accept
compensation for the sale of lottery tickets other than compensation referenced
in this section, regardless of the source. At the sole discretion of the
executive director, a retailer may receive additional compensation which may
include but is not limited to incentive or bonus programs.
(e) If a retailer fails to maintain a
sufficient account balance to cover monies due the commission for the
established billing period, the retailer's license shall be summarily
suspended. If a retailer's license is summarily suspended for insufficient
funds or non-transfer of funds four times in a 12-month period, the retailer's
license shall be revoked.
Notes
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