Illinois Compiled Statutes 20 ILCS 1605/3 – For the purposes of this Act: a. …
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For the purposes of this Act:
a. “Lottery” or “State Lottery” means the lottery or lotteries established and operated pursuant to this Act.
b. “Board” means the Lottery Control Board created by this Act.
c. “Department” means the Department of the Lottery.
d. (Blank).
e. “Chairman” means the Chairman of the Lottery Control Board.
f. “Multi-state game directors” means such persons, including the Director, as may be designated by an agreement between the Department and one or more additional lotteries operated under the laws of another state or states.
g. (Blank).
h. “Director” means the Director of the Department of the Lottery.
i. “Management agreement” means an agreement or contract between the Department on behalf of the State with a private manager, as an independent contractor, whereby the private manager provides management services to the Lottery in exchange for compensation that may consist of, among other things, a fee for services and a performance-based bonus of no more than 5% of Lottery profits so long as the Department continues to exercise actual control over all significant business decisions made by the private manager as set forth in Section 9.1.
j. “Person” means any individual, firm, association, joint venture, partnership, estate, trust, syndicate, fiduciary, corporation, or other legal entity, group, or combination.
k. “Private manager” means a person that provides management services to the Lottery on behalf of the Department under a management agreement.
l. “Profits” means total revenues accruing from the sale of lottery tickets or shares and related proceeds minus (1) the payment of prizes and retailer bonuses and (2) the payment of costs incurred in the operation and administration of the lottery, excluding costs of services directly rendered by a private manager.
m. “Chief Procurement Officer” means the Chief Procurement Officer provided for under paragraph (4) of subsection (a) of Section 10-20 of the Illinois Procurement Code.
a. “Lottery” or “State Lottery” means the lottery or lotteries established and operated pursuant to this Act.
Terms Used In Illinois Compiled Statutes 20 ILCS 1605/3
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fiduciary: A trustee, executor, or administrator.
- individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See Illinois Compiled Statutes 5 ILCS 70/1.36
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
b. “Board” means the Lottery Control Board created by this Act.
c. “Department” means the Department of the Lottery.
d. (Blank).
e. “Chairman” means the Chairman of the Lottery Control Board.
f. “Multi-state game directors” means such persons, including the Director, as may be designated by an agreement between the Department and one or more additional lotteries operated under the laws of another state or states.
g. (Blank).
h. “Director” means the Director of the Department of the Lottery.
i. “Management agreement” means an agreement or contract between the Department on behalf of the State with a private manager, as an independent contractor, whereby the private manager provides management services to the Lottery in exchange for compensation that may consist of, among other things, a fee for services and a performance-based bonus of no more than 5% of Lottery profits so long as the Department continues to exercise actual control over all significant business decisions made by the private manager as set forth in Section 9.1.
j. “Person” means any individual, firm, association, joint venture, partnership, estate, trust, syndicate, fiduciary, corporation, or other legal entity, group, or combination.
k. “Private manager” means a person that provides management services to the Lottery on behalf of the Department under a management agreement.
l. “Profits” means total revenues accruing from the sale of lottery tickets or shares and related proceeds minus (1) the payment of prizes and retailer bonuses and (2) the payment of costs incurred in the operation and administration of the lottery, excluding costs of services directly rendered by a private manager.
m. “Chief Procurement Officer” means the Chief Procurement Officer provided for under paragraph (4) of subsection (a) of Section 10-20 of the Illinois Procurement Code.