Arkansas Statutes
§ 23-114-503 — Authorized uses of a bingo and raffle account
Arkansas § 23-114-503
JurisdictionArkansas
Title23
This text of Arkansas § 23-114-503 (Authorized uses of a bingo and raffle account) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ark. Code Ann. § 23-114-503 (2026).
Text
(a)A licensed authorized organization may draw a check on the licensed authorized organization's bingo and raffle account only for:
(1)The payment of necessary and reasonable bona fide bingo-related and raffle-related expenses;
(2)The disbursement of net proceeds derived from the conduct of games of bingo or raffles to charitable purposes; or (3) The transfer of net proceeds derived from the conduct of games of bingo or raffles to the licensed authorized organization's bingo and raffle savings account pending a disbursement to a charitable purpose.
(b)A licensed authorized organization shall make the disbursement of net proceeds on deposit in the bingo and raffle savings account to a charitable purpose by transferring the intended disbursement back into the licensed authorized organiza
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Legislative History
Acts 2007, No. 388, § 1.
Nearby Sections
15
§ 23-1-101
Definitions§ 23-1-103
Compliance with Acts 1935, No. 324, and rules of commission required - Penalties for noncompliance§ 23-1-106
Penalties cumulative - Recovery of penalty not bar to further penalty or criminal prosecution§ 23-1-108
Jurisdiction and venue of actions§ 23-1-110
Actions tried without jury - Exceptions§ 23-1-111
Copies of official papers as evidence§ 23-1-115
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Bluebook (online)
Arkansas § 23-114-503, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/23-114-503.