North Carolina General Statutes 18C-121. Accountability; books and records
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The Director shall have made and kept books and records that accurately and completely reflect each day’s transactions, including the distribution of tickets or shares to lottery game retailers, receipt of funds, prize claims, prizes paid directly by the Commission, expenses, and all other financial transactions involving lottery funds necessary to permit preparation of financial statements that conform with generally accepted accounting principles. (2005-344, s. 1; 2005-276, s. 31.1(h).)
Terms Used In North Carolina General Statutes 18C-121
- Commission: means the North Carolina State Lottery Commission. See North Carolina General Statutes 18C-103
- Director: means the person selected by the Commission to be the chief administrator of the North Carolina State Lottery. See North Carolina General Statutes 18C-103
- Lottery: means any lottery game or series of games established and operated pursuant to this Chapter. See North Carolina General Statutes 18C-103
- lottery game: means any procedure or amusement authorized by the Commission where prizes are distributed among persons who have paid, or unconditionally agreed to pay, for tickets or shares that provide the opportunity to win those prizes and does not utilize a video gaming machine as defined in N. See North Carolina General Statutes 18C-103