Arkansas Statutes
§ 23-115-803 — Disposition of funds - Definition
Arkansas·Title 23
(a)(1) To effectuate the purposes of the Office of the Arkansas Lottery, the office may borrow moneys from the State of Arkansas or accept and expend moneys from the State of Arkansas and shall repay any sums borrowed from the state as soon as practicable.
(2)As used in this section, "purposes" includes without limitation the payment of the initial expenses of initiation, administration, and operation of the office and lotteries.
(3)The office shall not issue bonds for any purpose.
(b)(1) The office shall be self-sustaining and self-funded.
(2)(A) Except as provided in subsection (a) of this section, moneys in the General Revenue Fund Account of the State Apportionment Fund shall not be used or obligated to pay the expenses of the office or prizes of a lottery.
(B)A claim for the pay
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Legislative History
Amended by Act 2015, No. 218,§ 25, eff. 2/26/2015. Acts 2009, No. 605, § 1; 2009, No. 606, § 1.
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