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Can you summarize 23 ARCO Chapter 115?
Miscellaneous Regulated Industries > Arkansas Scholarship Lottery Act
Short Summary
The provided legal document content covers various aspects of the Arkansas Scholarship Lottery Act, including the establishment and operation of the Office of the Arkansas Lottery, management and distribution of lottery proceeds for scholarships, requirements for vendors bidding on major procurement contracts, employees of the Office of the Arkansas Lottery, and debt collection from lottery prize winners. The Act emphasizes the importance of immediately implementing the lottery system to ensure the educational and economic success of potential scholarship recipients. The Office of the Arkansas Lottery is responsible for overseeing the operation of one or more lotteries, entering into agreements with other states for multistate games, conducting market research, and ensuring financial integrity and accountability. Vendors bidding on major procurement contracts with the Office of the Arkansas Lottery are required to disclose various information and are prohibited from providing gifts or compensation to certain individuals. Political contributions by vendors awarded major procurement contracts are also restricted. The Act governs the appointment and duties of the Director of the Office of the Arkansas Lottery, as well as the background investigation process for employees. It establishes titles, grades, and salaries for positions in the Office and allows for the establishment of an expansion pool of positions. The Act also outlines the procurement process for the Office of the Arkansas Lottery, including competitive bidding for major procurement contracts and the involvement of the Legislative Council in reviewing proposed contracts. The management and distribution of lottery proceeds for scholarships are detailed, with net proceeds being deposited into trust accounts for specific scholarship programs. The Division of Higher Education administers the scholarships and is reimbursed for its administrative expenditures. The Act also addresses the collection of debts owed to the state by lottery prize winners through set-off procedures. Specific penalties are mentioned for retailers selling lottery tickets to minors, but no other specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Citizens of Arkansas eligible for scholarships, vendors bidding on major procurement contracts with the Office of the Arkansas Lottery, employees of the Office of the Arkansas Lottery, and lottery prize winners who owe money to the state or have a delinquent account with a claimant agency
What does it govern?
Establishment and operation of the Office of the Arkansas Lottery, management and distribution of lottery proceeds for scholarships, requirements for vendors bidding on major procurement contracts, employees of the Office of the Arkansas Lottery, and debt collection from lottery prize winners
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
For retailers selling lottery tickets to individuals under the age of 18, fines of up to $250 for a first violation, increasing fines and potential license suspension or revocation for subsequent violations. No specific penalties are mentioned for other non-compliance or violations.
Jurisdiction
Arkansas