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AR HB1378

Bill

Official Source

Status

Failed

4/24/2019

Primary Sponsor

Jim Dotson

Click for details

Origin

House of Representatives

92nd General Assembly (2019 Regular)

AI Summary

  • Amends Arkansas Code § 23-115-801(a)(3) to establish minimum percentages of lottery proceeds dedicated to scholarships as net proceeds.

  • Requires 20% of lottery proceeds for scholarships in fiscal year ending June 30, 2020, increasing by 1% annually.

  • Establishes a graduated increase: 21% (FY 2021), 22% (FY 2022), 23% (FY 2023), 24% (FY 2024), and 25% (FY 2025 and thereafter).

  • Directs the lottery office to maximize net proceeds for scholarships while meeting these minimum percentage requirements.

Legislative Description

To Require A Certain Percentage Of Lottery Proceeds To Be Net Proceeds For Scholarships.

Last Action

Died on House Calendar at Sine Die Adjournment

4/24/2019

Full Bill Text

No bill text available