Title 23 — Public Utilities and Regulated Industries
95 chapters · 4,024 sections in this title.
Ark. Code Ann. § 23-120-101 Title
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This chapter shall be known and may be cited as the “Arkansas Sports Raffle Act”.
Ark. Code Ann. § 23-120-102 Legislative findings
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(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 hi…
Ark. Code Ann. § 23-120-103 Definitions
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(1) As used in this chapter:(1) “Affiliated nonprofit organization” means an organization established by or an authorized affiliate of an institution of higher education within the State of Arkansas that:(A) Was created for the purpose of raising funds for the institution of high…
Ark. Code Ann. § 23-120-104 Conducting raffles
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(a) A qualifying organization is authorized to conduct a raffle under this chapter. (b) A raffle conducted by a qualifying organization under this chapter:(1) May be conducted on:(A) A digital or electronic device;(B) An online platform, website, or software application; or(C) An…
Ark. Code Ann. § 23-120-105 Limitation on use of funds
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Receipts from a raffle shall not be used to compensate a person who works for or is affiliated with the qualifying organization that conducts the raffle.
Ark. Code Ann. § 23-120-106 Unclaimed raffle prizes
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A raffle prize that is unclaimed by a winner within one hundred twenty (120) days of the raffle shall be retained by the institution of higher education for which the raffle was conducted.
Ark. Code Ann. § 23-120-107 Restrictions
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(a) A person under eighteen (18) years of age shall not purchase a raffle ticket. (b) A qualifying organization shall conduct reasonable age verification. (c) A third party shall not conduct or otherwise administer a raffle on behalf of a qualifying organization. (d) A raffle con…
Ark. Code Ann. § 23-120-108 Rules
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The Secretary of the Department of Finance and Administration may promulgate rules for the enforcement of this chapter.