9-17-127. Corporation authorized to borrow money; validation of debt; restriction on use of money in state general fund and other state funds; purchase or release of goods and services.
(a) The corporation may borrow, or accept and expend, in accordance with the provisions of this chapter, monies as may be received from any source, including income from the corporation's operations, for effectuating its corporate purposes, including the payment of the initial expenses of initiation, administration and operation of the corporation and the lottery.
(b) The corporation shall be self sustaining and self funded. Monies in the state general fund or any other state funds or monies in any form shall not be used or obligated to pay the expenses of the corporation or prizes of the lottery and no claim for the payment of an expense of the lottery or prizes of the lottery may be made against any monies other than monies credited to the corporation operating account.
(c) The corporation may purchase, lease or lease purchase goods or services as necessary to effectuate the purposes of this chapter. The corporation may make procurements which integrate functions including lottery game design, lottery ticket distribution to retailers, supply of goods and services and advertising. In all procurement decisions, the corporation shall take into account the particularly sensitive nature of the state lottery and shall act to promote and ensure security, honesty, fairness and integrity in the operation and administration of the lottery and the objectives of raising net proceeds.
Structure Wyoming Statutes
Title 9 - Administration of the Government
Section 9-17-101 - Short Title.
Section 9-17-102 - Legislative Findings and Declarations.
Section 9-17-103 - Definitions.
Section 9-17-105 - General Duties of Board of Directors.
Section 9-17-106 - Appointment of Chief Executive Officer; Compensation.
Section 9-17-107 - General Powers of Corporation.
Section 9-17-108 - Adoption by Board of Procedures Regulating Conduct of Lottery Games.
Section 9-17-109 - Duties of Chief Executive Officer.
Section 9-17-110 - Employees; Compensation; Restrictions; Background Investigations; Bonding.
Section 9-17-111 - Disposition of Lottery Proceeds.
Section 9-17-116 - Fidelity Fund for Retailers; Assessments.
Section 9-17-117 - Cancellation, Suspension, Revocation or Termination of Retail Contracts.
Section 9-17-118 - Restrictions on Sale of Tickets or Shares; Price; Gifts and Promotions.
Section 9-17-121 - Sales to Minors; Penalty; Affirmative Defense.
Section 9-17-123 - Penalty for Making False Statements or False Entries in Books or Records.
Section 9-17-125 - Bidding Requirements and Procedures for Contracts.
Section 9-17-126 - Appeals From Actions of Board.
Section 9-17-128 - Reports by Corporation; Audits; Budget; Fiscal Year.