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(a) The Legislative Council shall:
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(1) Review whether expenditures of lottery proceeds have been in accordance with this chapter;
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(2) Review and approve proposed rules of the Office of the Arkansas Lottery under § 10-3-309;
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(3)
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(A) Review proposed contracts of twenty-five thousand dollars ($25,000) or more before the execution of the contracts.
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(B) The office shall provide a list of all contracts less than twenty-five thousand dollars ($25,000) to the Legislative Council on a monthly basis;
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(4) Review reports filed with the Legislative Council by the Division of Higher Education, including without limitation reports filed under §§ 6-85-205 and 6-85-220;
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(5) Perform its duties under § 6-85-220; and
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(6) Study other lottery matters as the Legislative Council considers necessary to fulfill its mandate.
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(b)
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(1) Annually by December 15, the Legislative Council shall provide to the General Assembly:
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(A) Any analysis or findings resulting from its activities under this section that the Legislative Council deems relevant; and
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(B) Its recommendations for any changes to the:
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(i) Scholarship award amounts;
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(ii) Number or type of scholarships; and
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(iii) Scholarship eligibility requirements.
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(2) The Legislative Council may make interim reports to the General Assembly regarding the expenditure of net lottery revenues.
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(c)
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(1) During a regular, fiscal, or extraordinary session of the General Assembly, the Joint Budget Committee shall perform the functions assigned to the Legislative Council under:
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(A) This chapter;
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(B) Section 6-60-902;
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(C) Section 6-60-903;
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(D) Section 6-85-205;
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(E) Section 6-85-212;
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(F) Section 6-85-216;
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(G) Section 6-85-219;
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(H) Section 6-85-220; and
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(I) Section 19-10-212.
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(2) This subsection does not limit the authority of the Legislative Council to meet during a recess as authorized by § 10-2-223 or § 10-3-211.
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(d) The Legislative Council and the Joint Budget Committee may:
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(1) Establish or utilize one (1) or more subcommittees to assist in their duties under this chapter;
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(2) Assign information filed with the Legislative Council under this subchapter to one (1) or more subcommittees of the Legislative Council, including without limitation a subcommittee created under subdivision (d)(1) of this section; and
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(3) Delegate their duties under this chapter to one (1) or more subcommittees of the Legislative Council, subject to the final approval of the Legislative Council or the Joint Budget Committee.
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