(a) The Director of the Office of the Arkansas Lottery is authorized to initiate procurements and enter into all contracts and contract amendments for goods and services except when:

1. (1)

   1. (A) The goods and services are an expense over five thousand dollars ($5,000) not approved in the Office of the Arkansas Lottery budget.
   2. (B) The director must seek office approval;
2. (2) Lottery Oversight Subcommittee of the Legislative Council review is required under Arkansas Code § 23-115-1101, the director must seek review before the contract is executed; or
3. (3) As otherwise provided in this part.

(b) Price reduction.

1. (1) The director is authorized without further specific approval action by the office to execute any contract amendment that results in a reduction of the price paid by the office per item, unit, or other measure of the goods or services provided under the contract, and may exercise any option under a contract previously approved by the office, where the option terms of the approved contract establish a specific price for the goods or services to be acquired under the option.
2. (2) Emergency procurements. The director is authorized to make an emergency procurement as defined in 23 CAR § 372-101(13).
3. (3) Delegation by director. The director may delegate to any of the employees of the office the exercise or discharge of any of the powers, duties, or functions of the director in this part.