Section 23-115-503 - Cancellation, suspension, revocation, or termination of major procurement contract(a) A major procurement contract executed by the Office of the Arkansas Lottery under this chapter shall specify the reasons for which the major procurement contract may be canceled, suspended, revoked, or terminated by the office. The reasons shall include without limitation: (1) Commission of a violation of this chapter or a rule of the office;(2) Commission of any fraud, deceit, or misrepresentation;(3) Conduct prejudicial to public confidence in a lottery;(4) The vendor's filing for or being placed in bankruptcy or receivership; or(5) Any material change as determined in the sole discretion of the office in any matter considered by the office in entering into the major procurement contract with the vendor.(b)(1) If the Director of the Office of the Arkansas Lottery or his or her designee determines that cancellation, denial, revocation, suspension, or the failure to renew a major procurement contract is in the best interest of the Arkansas Scholarship Lottery, the public welfare, or the State of Arkansas, the director or his or her designee may: (A) Subject to notice and a right to a hearing, cancel, suspend, revoke, or terminate a major procurement contract issued under this chapter; or(B) Fail to renew a major procurement contract issued under this chapter.(2) The major procurement contract may be temporarily suspended by the director or his or her designee without prior notice pending a hearing.(3) A major procurement contract may be suspended, revoked, or terminated by the director or his or her designee for any one (1) or more of the reasons enumerated in this section.(c) Hearings under this section shall be held in accordance with the Arkansas Administrative Procedure Act, § 25-15-201 et seq.Amended by Act 2017, No. 334,§ 8, eff. 8/1/2017.Amended by Act 2015, No. 218,§ 25, eff. 2/26/2015.Acts 2009, No. 605, § 1; 2009, No. 606, § 1.