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§ 23-115-611. Revocation and suspension of business license

(a) The closure of a business under this subchapter shall be grounds for cancellation, suspension, revocation, or termination of a retailer license under § 23-115-604. (b) The closure of a business under this subchapter shall be grounds for the suspension or revocation of any business license granted under the laws of the State of Arkansas, […]

§ 23-115-701. Procurements — Major procurement contracts — Competitive bidding

(a) (1) The Office of the Arkansas Lottery may purchase, lease, or lease-purchase goods or services as necessary for effectuating the purposes of this chapter. (2) The office may make procurements that integrate functions, including without limitation: (A) Lottery design; (B) Ticket distribution to retailers; (C) Supply of goods and services; and (D) Advertising. (3) […]

§ 23-115-801. Lottery proceeds

(a) (1) Lottery proceeds are the property of the Office of the Arkansas Lottery. (2) (A) The office shall pay its operating expenses from its lottery proceeds. (B) (i) An amount of lottery proceeds determined by the office to maximize net proceeds for scholarships shall be made available as prize money. (ii) (a) Subdivision (a)(2)(B)(i) […]

§ 23-115-802. Scholarship Shortfall Reserve Trust Account

(a) The Office of the Arkansas Lottery shall maintain a Scholarship Shortfall Reserve Trust Account. (b) (1) An amount equal to four percent (4%) of the total amount of net proceeds disbursed during the preceding fiscal year in the form of scholarships and grants for higher education shall be deposited from lottery proceeds each year […]

§ 23-115-803. Disposition of funds — Definition

(a) (1) To effectuate the purposes of the Office of the Arkansas Lottery, the office may borrow moneys from the State of Arkansas or accept and expend moneys from the State of Arkansas and shall repay any sums borrowed from the state as soon as practicable. (2) As used in this section, “purposes” includes without […]

§ 23-115-903. False statement on license application — Penalty

(a) A person shall not knowingly make: (1) A material false statement in an application for a license or proposal to conduct a lottery; or (2) A material false entry in any book or record that is compiled, maintained, or submitted to or for the benefit of the Office of the Arkansas Lottery. (b) (1) […]

§ 23-115-402. Restriction on sales — Definition

(a) (1) Unless authorized to do so in writing by the Director of the Office of the Arkansas Lottery, a person shall not sell a ticket or share at a price other than the price established by the Office of the Arkansas Lottery. (2) (A) Only a retailer holding a valid certificate of authority from […]