The bill amends Section 42-61-4 of the General Laws in Chapter 42-61, which pertains to the powers and duties of the director of the state lottery. A significant change is the reduction of the required number of meetings between the director and the permanent joint committee on state lottery from nine times per year to four times per year, with the possibility of additional meetings at the request of the committee's chair and vice chair. This adjustment aims to streamline the communication process between the director and the committee while maintaining oversight of lottery operations.

Additionally, the bill includes various provisions that outline the director's responsibilities, such as supervising lottery operations, licensing agents, and ensuring financial reporting. The director is also tasked with conducting studies on lottery operations and implementing initiatives to generate additional revenue for the state. The act will take effect upon passage, reflecting the legislative intent to enhance the efficiency of the lottery's administrative processes.