Oregon Statutes 461.430 – Contractor required to comply with applicable laws; performance bond
(1) A lottery contractor shall perform its contract consistent with the laws of this state, federal law, and laws of the state or states in which the lottery contractor, in whole or in part, performs services or produces goods required by the contract.
Terms Used In Oregon Statutes 461.430
- Contract: A legal written agreement that becomes binding when signed.
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(2) At the time specified in the contract, a lottery contractor shall post performance security with the Oregon State Lottery Commission in a form and an amount acceptable to the commission and issued by a surety, financial institution, insurer, escrow agent or other person acceptable to the commission if the lottery contractor:
(a) Prints tickets used in a lottery game;
(b) Provides goods or performs services involving the receipt or recording of number selections in a lottery game; or
(c) Provides goods or performs services involving the determination of winners in a lottery game. [1985 c.2 § 6(3),(4); 1985 c.302 § 6(3),(4); 1989 c.418 § 1; 2009 c.185 § 1]