Louisiana Administrative Code
Title 42 - LOUISIANA GAMING
Part XV - Lottery
Chapter 1 - On-Line Lottery Games General Rules
Section XV-127 - Installment Prizes
Universal Citation: LA Admin Code XV-127
Current through Register Vol. 50, No. 9, September 20, 2024
A. The corporation may provide for the payment of any prize of more than $100,000 in equal annual installments. The schedule of payments shall be designed to pay the winner equal dollar amounts each year until the total payments equal the prize amount. When the prize amount is paid in installments, the president may round the actual amount of the prize to the nearest $1,000 amount to facilitate the appropriate funding mechanism. The corporation shall not accelerate the payment schedule of any installment prize without the consent of the winner.
AUTHORITY NOTE: Promulgated in accordance with R.S.47:9001 et seq.
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