Authorized uses of a bingo and raffle account.
Ark. Code Ann. § 23-114-503
in effect(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 organization's bingo and raffle account and then withdrawing an amount by a check drawn on the bingo and raffle account.
Source: Public.Resource.Org / UniCourt, Official Code of Arkansas Annotated, Release 78 (2020) (unicourt.github.io/cic-code-ar)URL: https://unicourt.github.io/cic-code-ar/transforms/ar/ocar/r78/gov.ar.code.title.23.htmlFetched: 11/8/2026