Loading chat...

AR HB2263

Bill

Official Source

Status

Failed

5/17/2013

Primary Sponsor

Ann Clemmer

Click for details

Origin

House of Representatives

89th General Assembly (2013 Regular)

AI Summary

  • Amends Arkansas Code § 23-115-801(a)(3) to establish a minimum threshold for lottery net proceeds allocation
  • Requires that starting with fiscal year ending June 30, 2014, and each fiscal year thereafter, at least 30% of lottery proceeds must be designated as net proceeds
  • Maintains the commission's authority to determine the percentage of lottery proceeds classified as net proceeds while also maximizing total net proceeds
  • Applies the 30% minimum requirement on an ongoing basis for all subsequent fiscal years

Legislative Description

To Require That At Least Thirty Percent (30%) Of Lottery Proceeds Are Net Proceeds For Scholarships.

Last Action

Died in House Committee at Sine Die adjournment.

5/17/2013

Full Bill Text

No bill text available