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Can you summarize 23 ARCO Chapter 115, Subchapter 5?
Arkansas Scholarship Lottery Act > Vendors
Short Summary
The provided legal document content pertains to the Arkansas Scholarship Lottery Act and covers two main aspects. Firstly, it outlines the requirements that vendors must fulfill when submitting a bid, proposal, or offer for a major procurement contract with the Office of the Arkansas Lottery. Vendors are required to disclose various information such as their name, address, officers, directors, stockholders, and business activities in different jurisdictions. They must also provide details of their involvement in lottery or gaming licenses, criminal offenses, bankruptcy, pending litigation, and financial statements. Failure to comply with these disclosure requirements may result in disqualification from entering into a major procurement contract. The document also prohibits vendors from providing gifts or compensation to certain individuals and restricts public officials and department personnel from owning a financial interest in a vendor. Secondly, the document establishes restrictions on political contributions made by vendors awarded major procurement contracts for lottery equipment or tickets, as well as their officers, employees, or agents. Vendors and their representatives are prohibited from making political contributions to public officials or candidates for election as public officials. Additionally, vendors proposing to provide goods or services under a major procurement contract are prohibited from making or promising to make political contributions while the contract award is pending. The document does not specify any penalties for non-compliance. The amendments made in 2009 and 2015 mainly clarified and expanded the provisions related to political contributions by vendors.
Whom does it apply to?
Vendors submitting bids, proposals, or offers for major procurement contracts with the Office of the Arkansas Lottery, public officials, candidates for public office
What does it govern?
Vendor requirements for major procurement contracts with the Office of the Arkansas Lottery, restrictions on political contributions by vendors
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Arkansas