KRS 154A.410: Content of contracts -- Powers of president in regard to contracts.

(1) Any contract executed by the corporation pursuant to this chapter shall specify the

reasons for which any contract may be suspended, revoked, or terminated by the

corporation, including, but not limited to:

(a) Commission of a violation of this chapter or administrative regulations

adopted pursuant thereto;

(b) Failure to accurately account for lottery tickets, revenues, or prizes as required

by the corporation;

(c) Commission of any fraud, deceit, or misrepresentation;

(d) Insufficient sale of tickets;

(e) Conduct prejudicial to public confidence in the lottery;

(f) Any material change in any matter considered by the corporation in executing

the contract with the retailer;

(g) Failure to meet any of the objective criteria established by the board pursuant

to KRS 154A.400(1).

(2) If, in the discretion of the president, such denial, revocation, suspension or rejection

of renewal is in the best interests of the lottery, the public welfare, or the

Commonwealth of Kentucky, the president may suspend, revoke, or terminate, after

notice and a hearing, any contract issued pursuant to this chapter. Such contract

may, however, be temporarily suspended by the president without prior notice,

pending any prosecution, hearing, or investigation, whether by a third party or by

the president. A contract may be suspended, revoked, or terminated by the president

for one (1) or more of the reasons enumerated in subsection (1) of this section.