It is found and declared by the General Assembly that:
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(1) Net proceeds of lotteries conducted under this chapter shall be used to:
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(A) Fund and provide for scholarships and grants to citizens of the State of Arkansas enrolled in public and private nonprofit two-year and four-year colleges and universities located within the state; and
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(B) Supplement, not supplant, nonlottery educational resources;
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(2) Lotteries shall be operated and managed in a manner that:
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(A) Provides continuing entertainment to the public;
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(B) Maximizes revenues for scholarships; and
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(C) Ensures that the lotteries are operated with integrity, dignity, and adequate internal controls and free of political influence; and
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(3) The Office of the Arkansas Lottery shall be accountable to the General Assembly and to the public through a system of audits and reports.