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AR SB387

Bill

Official Source

Status

Failed

4/25/2019

Primary Sponsor

Joyce Elliott

Click for details

Origin

Senate

92nd General Assembly (2019 Regular)

AI Summary

  • Amends Arkansas Code § 23-115-801(a)(3) to establish minimum percentages of Arkansas Scholarship Lottery net proceeds dedicated to scholarships
  • Requires 20% of lottery proceeds for scholarships in fiscal year 2020, increasing by 1% annually through 2024
  • Mandates 25% of lottery proceeds allocated to scholarships starting in fiscal year 2025 and continuing in all subsequent fiscal years
  • Directs the lottery office to maximize net proceeds for scholarships while meeting these minimum percentage thresholds

Legislative Description

To Require That A Certain Percentage Of Lottery Proceeds Be Net Proceeds That Are Used For Scholarships; And To Require That The Percentage Of Net Proceeds Used For Scholarships Increase Year By Year.

Last Action

Sine Die adjournment

4/25/2019

Committee Referrals

Education2/19/2019

Full Bill Text

No bill text available