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Arizona Revised Statutes - Title 5 Amusements and Sports - Chapter 5.1 State Lottery Revenue Bonds (Redesignated as State Lottery, Eff. 7/1/12)

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  • 5-531 - Definitions
    In this article, unless the context otherwise requires: 1. "Bond related expenses" means any expenses incurred by the director to issue and administer the bonds,...
  • 5-532 - Authorization of state lottery revenue bonds
    A. The director shall issue state lottery revenue bonds pursuant to this article in an amount sufficient to provide monies to: 1. Deposit in the...
  • 5-533 - Issuance and sale of bonds; state lottery revenue bond proceeds fund; use of bond proceeds
    A. The state lottery revenue bonds shall be sold at public or private sale at the price and on the terms prescribed by the director...
  • 5-534 - State lottery revenue bond debt service fund
    A. The state lottery revenue bond debt service fund is established. The fund shall consist of monies transferred pursuant to law. The department shall administer...
  • 5-535 - Securing principal and interest; refunding bonds
    A. In connection with issuing state lottery revenue bonds authorized by this article and to secure the principal and interest on the bonds, the director...
  • 5-536 - Lien of pledge
    A. Any pledge made under this article in connection with state lottery revenue bonds is valid and binding from the time the pledge is made....
  • 5-537 - Bond purchase; cancellation
    The director may purchase bonds for cancellation out of any monies available for the purchase, at a price of not more than either of the...
  • 5-538 - Payment of bonds
    The state lottery revenue bonds shall be paid solely from monies from the state lottery revenue bond debt service fund established by section 5-534.
  • 5-539 - Investment of monies; funds
    A. The director may authorize the state treasurer or bond trustee to invest monies in the state lottery revenue bond proceeds fund and the state...
  • 5-540 - Characteristics of bonds; negotiable; exemption from taxation; obligation; legal investments
    A. State lottery revenue bonds issued under this article are fully negotiable within the meaning and for all purposes of the uniform commercial code, subject...
  • 5-541 - Effect of changing circumstances of bonds; agreement of state
    A. An amendment of any provision of this article does not diminish or impair the validity of bonds issued under this article or the remedies...
  • 5-542 - Validity of bonds
    A. This article constitutes full authority for authorizing and issuing state lottery revenue bonds without reference to any other law of this state. No other...
  • 5-543 - State officials to comply with agreements
    Notwithstanding any other law, all state officials shall comply with all agreements made by the director with or for the benefit of the owners of...
  • 5-551 - Definitions
    (Eff. 7/1/12) In this chapter, unless the context otherwise requires: 1. "Commission" means the Arizona state lottery commission. 2. "Director" means the executive director of...
  • 5-552 - Arizona state lottery commission; membership; appointment; term; chairman; removal; reimbursement of expenses
    (Eff. 7/1/12) A. There is established the Arizona state lottery commission consisting of five members who shall be citizens and residents of this state and...
  • 5-553 - Executive director; appointment
    (Eff. 7/1/12) A. An executive director appointed by the governor pursuant to section 38-211 shall exercise immediate supervision over the lottery. The director shall be...
  • 5-554 - Commission; director; powers and duties; definitions
    (Eff. 7/1/12) A. The commission shall meet with the director not less than once each quarter to make recommendations and set policy, receive reports from...
  • 5-555 - Apportionment of revenue
    (Eff. 7/1/12) A. Not more than eighteen and one-half per cent of the total annual revenues accruing from the sale of lottery tickets or shares...
  • 5-556 - Powers and duties of director
    (Eff. 7/1/12) In addition to other powers and duties prescribed in this chapter, the director shall: 1. Supervise and administer the operation of the lottery...
  • 5-557 - Monthly reports; annual reports
    (Eff. 7/1/12) A. The director shall make a monthly report to the commission, the governor, the speaker of the house of representatives and the president...
  • 5-558 - Studies and investigations
    (Eff. 7/1/12) A. The director shall conduct an ongoing study and investigation of the lottery for the following purposes: 1. To ascertain any defects in...
  • 5-559 - Contracts; limitation; restrictions
    (Eff. 7/1/12) A. Notwithstanding any other statute, the director may: 1. Directly solicit bids and contract for the design and operation of the lottery or...
  • 5-560 - Security operations; powers; peace officer status
    (Eff. 7/1/12) A. The state lottery commission shall maintain operations responsible for security. The director shall appoint a security officer to supervise the security operations...
  • 5-561 - Department of public safety; investigation; authority; payment
    (Eff. 7/1/12) The director of the department of public safety shall order an investigation into any violation of a statute of this state which pertains...
  • 5-562 - Licenses to sell tickets or shares; fee; conditions; definitions
    (Eff. 7/1/12) A. A license as an agent to sell lottery tickets or shares shall not be issued to any person to engage in business...
  • 5-562.01 - Prosecution; payment of costs
    (Eff. 7/1/12) A. The attorney general and county attorneys have concurrent prosecution authority for any offense arising out of or in connection with the formation,...
  • 5-563 - Right to prize not assignable; exceptions
    (Eff. 7/1/12) A. The right of any person to a prize is not assignable, except that: 1. Payment of any prize drawn or the remainder...
  • 5-564 - Sale at unauthorized price or by unauthorized persons; violation; classification
    (Eff. 7/1/12) A. A person shall not sell a ticket or share at a price greater than that fixed by rule. A person other than...
  • 5-565 - Sale of tickets or shares to underage persons; violation; classification
    (Eff. 7/1/12) A. It is unlawful for a person to sell or offer to sell a lottery ticket or share to any person who is...
  • 5-565.01 - Sale to persons using state issued electronic benefits transfer cards; violation; classification
    (Eff. 7/1/12) A. It is unlawful for a licensed agent to sell a lottery ticket or share to a person who uses either a public...
  • 5-565.02 - Purchase of lottery tickets or shares by minors
    (Eff. 7/1/12) It is unlawful for a person under twenty-one years of age to purchase a lottery ticket or share.
  • 5-566 - Alteration of lottery tickets; violation; classification
    (Eff. 7/1/12) Any person who, with intent to defraud, falsely makes, alters, forges, utters, passes or counterfeits a state lottery ticket or share is guilty...
  • 5-567 - Purchase of tickets and receipt of prizes by certain persons prohibited
    (Eff. 7/1/12) A. A lottery ticket or share may not be purchased by and a prize may not be paid to an officer or employee...
  • 5-568 - Disposition of unclaimed prize money
    (Eff. 7/1/12) Unclaimed prize money for the prize on a winning ticket or share shall be retained for the person entitled to the prize for...
  • 5-569 - Lottery redemption agents
    (Eff. 7/1/12) The director may make arrangements for redemption agents to perform functions, activities or services in connection with the operation of the lottery, including...
  • 5-570 - Award of prize to certain persons prohibited
    (Eff. 7/1/12) No prize may be paid on any winning ticket or share to any person who is under twenty-one years of age.
  • 5-571 - State lottery fund
    (Eff. 7/1/12) The state lottery fund is established consisting of all revenues received from the sale of lottery tickets or shares, including revenues from games...
  • 5-572 - Use of monies in state lottery fund; report
    (Eff. 7/1/12) A. If there are any bonds or bond related obligations payable from the state lottery revenue bond debt service fund, the state lottery...
  • 5-573 - State lottery prize fund; setoff for state debts; notification to department of economic security
    (Eff. 7/1/12) A. The state lottery prize fund is established. That portion of the gross proceeds which is apportioned pursuant to section 5-555, subsection B...
  • 5-574 - Audit of accounts
    (Eff. 7/1/12) The certified public accountant hired to perform the annual audit under section 5-555, subsection A, paragraph 2 shall conduct postaudits of all accounts...
  • 5-575 - Prizes; setoff for debts to state agencies; definitions
    (Eff. 7/1/12) A. The commission shall establish a liability setoff program by which state lottery prize payments pursuant to section 5-573 may be used to...
  • Last modified: February 19, 2012