Terms Used In Idaho Code 67-7404

• Commission: means the Idaho state lottery commission. See Idaho Code 67-7404
• 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.
• Director: means the director of the lottery. See Idaho Code 67-7404
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Expenses: means all costs of doing business including, but not limited to, prizes, commissions and other compensation paid to retailers, advertising and marketing costs, personnel costs, capital outlay, reasonable expenses incurred by other state agencies to effectuate the purposes of this chapter, depreciation of property and equipment, and other operating costs, all of which are to be recorded on the accrual basis of accounting in accordance with generally accepted accounting principles. See Idaho Code 67-7404
• Fiduciary: A trustee, executor, or administrator.
• Lottery revenue: means revenue derived from the sale of lottery tickets and shares. See Idaho Code 67-7404
• Major procurement: means any contract with a vendor supplying lottery tickets or shares, data processing systems utilized to track, sell, distribute or validate lottery tickets or shares, any goods or services involving the determination or generation of winners in any lottery game or any auditing services. See Idaho Code 67-7404
• Person: shall be construed to mean and include an individual, association, corporation, club, trust, estate, society, company, joint stock company, receiver, trustee, assignee, referee or any other person acting in a fiduciary or representative capacity, whether appointed by a court or otherwise, and any combination of individuals. See Idaho Code 67-7404
• Property: includes both real and personal property. See Idaho Code 73-114
• State: when applied to the different parts of the United States, includes the District of Columbia and the territories; and the words "United States" may include the District of Columbia and territories. See Idaho Code 73-114
• state lottery: means the state lottery established and operated pursuant to this chapter. See Idaho Code 67-7404
• Ticket: means any tangible evidence issued by the lottery to provide participation in a game conducted by the state lottery. See Idaho Code 67-7404
• Trustee: A person or institution holding and administering property in trust.
• Value: means any ticket shall be taken at face value. See Idaho Code 67-7404
• vendor: means any person who submits a bid, proposal or offer as part of a major procurement for goods or services as defined in subsection (11) of this section. See Idaho Code 67-7404