Terms Used In Iowa Code 99G.29

  • Authority: means the Iowa lottery authority. See Iowa Code 99G.3
  • Retailer: means a person, licensed by the authority, who sells lottery tickets or shares on behalf of the authority pursuant to a contract. See Iowa Code 99G.3
 If a lottery retailer‘s rental payments for the business premises are contractually computed, in whole or in part, on the basis of a percentage of retail sales and such computation of retail sales is not explicitly defined to include sales of tickets or shares in a state-operated or state-managed lottery, only the compensation received by the lottery retailer from the authority may be considered the amount of the lottery retail sale for purposes of computing the rental payment.