Sec. 466.359. COMPENSATION OF SALES AGENT FOR PURPOSES OF CONTRACTUAL RENTAL PAYMENT. If a sales agent's rental payments for premises are contractually computed in whole or in part on the basis of a percentage of the lessee's retail sales and if the computation of the lessee's rental payment is not explicitly defined to include sales of tickets in a state-operated lottery, the compensation received by the sales agent from the lottery is considered to be the net amount of the lessee's retail sales of tickets for the purpose of computing the rental payment.
Added by Acts 1993, 73rd Leg., ch. 107, Sec. 4.03(b), eff. Aug. 30, 1993.
Structure Texas Statutes
Subtitle E - Other Executive Agencies and Programs
Section 466.351. Delivery of Funds
Section 466.352. Reporting by Sales Agent; Records
Section 466.353. Liability of Sales Agent
Section 466.354. Duties of Comptroller
Section 466.355. State Lottery Account
Section 466.357. Applicability of Constitutional Provisions
Section 466.358. Compensation of Sales Agent
Section 466.359. Compensation of Sales Agent for Purposes of Contractual Rental Payment