Arkansas Code Title 23, Subtitle 4, Chapter 114, Subchapter 5 - Bingo and Raffle Accounts

• § 23-114-501 - Bingo and Raffle Accounts.
  (a) (1) A licensed authorized organization with gross receipts from raffles or games of bingo in excess of five hundred dollars ($500) per month...
• § 23-114-502 - Withdrawals From a Bingo and Raffle Account.
  (a) (1) Funds from the bingo and raffle account shall be withdrawn by preprinted, consecutively numbered checks or withdrawal slips, signed by an authorized...
• § 23-114-503 - Authorized Uses of a Bingo and Raffle Account.
  (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...
• § 23-114-504 - Use of Net Proceeds for Charitable Purposes.
  (a) A licensed authorized organization shall devote to the charitable purposes of the licensed authorized organization its net proceeds of games of bingo and...
• § 23-114-505 - Use of Proceeds by a Licensed Authorized Organization.
  A licensed authorized organization shall not use the net proceeds from games of bingo or raffles directly or indirectly to: (1) Support or oppose...
• § 23-114-506 - Items of Bingo and Raffle Expense.
  (a) Expenses that are reasonable and necessary to lawfully conduct games of bingo or raffles are allowable and include expenses incurred for: (1) Advertising,...
• § 23-114-507 - Expenses Paid From Bingo and Raffle Account.
  The following items of expenses incurred or paid in connection with the conduct of games of bingo or raffles must be paid from a...

Last modified: November 15, 2016