Issue Date: 2007-09-01
Revised Date:

Object Type

Cash — Other Expenditures

Reference

Description

To record payments made to retailers for retailer commissions. Pursuant to TEX. GOV'T CODE 466.358, the commission amount shall equal no less than 5% of the retail price of tickets sold.

Expenditure code 7260 includes, but is NOT limited to:

  • Lottery Retailer Commission

Note

This code does NOT include:

  • Service fee paid to lottery operator (7206)
  • Retailer incentive bonuses (7207)

RESTRICTED: This code may be used only by Texas Lottery Commission, Agency 362.

Prior to 9-1-07, retailer commissions were recorded with retailer bonuses under object code 7207 -- Lottery Incentive Bonus.

USAS Values

Appropriation Year 20
USAS Title LOTTERY RETAILER COMMISSIONS
Object Group 10 – Expenditures
USAS Status A
Rev/Exp Category 04 – OTHER EXPENDITURES