(1) The General Assembly finds that:(1) It is in the public interest for an institution of higher education and its affiliated nonprofit organizations to conduct raffles for educational, charitable, or philanthropic purposes; and(2) The use of raffle funds by an institution of higher education and its affiliated nonprofit organizations for the purposes provided in this chapter will support philanthropic purposes by:(A) Raising the public image of the institution of higher education, which will attract more student-athletes and other students to the institution of higher education's educational programs;(B) Supporting student-athletes and providing financial resources to advance the educational endeavors of the student-athletes; and(C) Increasing the exposure of the institution of higher education to the public, which will attract additional financial support for academic programs at the institution of higher education.
(1) It is in the public interest for an institution of higher education and its affiliated nonprofit organizations to conduct raffles for educational, charitable, or philanthropic purposes; and
(2) The use of raffle funds by an institution of higher education and its affiliated nonprofit organizations for the purposes provided in this chapter will support philanthropic purposes by:(A) Raising the public image of the institution of higher education, which will attract more student-athletes and other students to the institution of higher education's educational programs;(B) Supporting student-athletes and providing financial resources to advance the educational endeavors of the student-athletes; and(C) Increasing the exposure of the institution of higher education to the public, which will attract additional financial support for academic programs at the institution of higher education.
(A) Raising the public image of the institution of higher education, which will attract more student-athletes and other students to the institution of higher education's educational programs;
(B) Supporting student-athletes and providing financial resources to advance the educational endeavors of the student-athletes; and
(C) Increasing the exposure of the institution of higher education to the public, which will attract additional financial support for academic programs at the institution of higher education.