§ 23-115-101. Short title

This chapter shall be known and may be cited as the “Arkansas Scholarship Lottery Act”.

§ 23-115-102. Legislative intent

It is found and declared by the General Assembly that: (1) Net proceeds of lotteries conducted under this chapter shall be used to: (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 […]

§ 23-115-103. Definitions

As used in this chapter: (1) “Administrative expenses” means operating expenses, excluding amounts set aside for prizes, regardless of whether the prizes are claimed, and excluding amounts held as a fidelity fund under § 23-115-603; (2) “Administrative order” means the final disposition of the Office of the Arkansas Lottery in any matter other than a […]

§ 23-115-104. Fiscal impact statement

(a) The author of a bill filed in the House of Representatives or the Senate shall have a fiscal impact statement prepared if the bill: (1) Amends this chapter; or (2) Will impose a new or increased cost to: (A) The Office of the Arkansas Lottery; or (B) A lottery. (b) The author of the […]