Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-115-503. Cancellation, suspension, revocation, or termination of major procurement contract

(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:

(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.