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AR SB905

Bill

Official Source

Status

Failed

4/27/2011

Primary Sponsor

Robert Thompson

Click for details

Origin

Senate

88th General Assembly (2011 Regular)

AI Summary

  • Establishes a prize-linked savings account program operated by the Arkansas Lottery Commission
  • Authorizes financial institutions in Arkansas to participate in the prize-linked savings account program
  • Introduced by Senator R. Thompson during the 88th General Assembly Regular Session, 2011
  • Enables savings accounts to offer prize incentives to encourage consumer savings through lottery-style rewards

Legislative Description

To Establish A Prize-linked Savings Account Program Operated By The Arkansas Lottery Commission And Authorize Financial Institutions In Arkansas To Participate In The Prize-linked Savings Account Program.

Last Action

Senate Sine Die adjournment

4/27/2011

Committee Referrals

State Agencies & Governmental Affairs3/7/2011

Full Bill Text

No bill text available