Legislative findings.
Ark. Code Ann. § 23-120-102
in effectThe 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 higher education and its affiliated nonprofit organizations for the purposes provided in this chapter will support philanthropic purposes by:
(A) Raising the public image of the institution of higher education, which will attract more student-athletes and other students to the institution of higher education's educational programs;
(B) Supporting student-athletes and providing financial resources to advance the educational endeavors of the student-athletes; and
(C) Increasing the exposure of the institution of higher education to the public, which will attract additional financial support for academic programs at the institution of higher education.
Source: Arkansas General Assembly, Acts of 2021-2026 (arkleg.state.ar.us)URL: https://arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=305.pdf&ddBienniumSession=2025%2F2025RFetched: 11/8/2026