TO ESTABLISH THE ARKANSAS SPORTS RAFFLE ACT; AND TO DECLARE AN EMERGENCY.

Fiscal Impact Statement Bill: HB1634 Bill Subtitle: TO ESTABLISH THE ARKANSAS SPORTS RAFFLE ACT; AND TO DECLARE AN EMERGENCY. --------------------------------------------------------------------------------------------------------------------------------------- Sponsors: Reps. Hawk, M. Shepherd, Eubanks, Evans, Achor, Duffield, Brooks, Maddox, Ray, L. Johnson Sens. Dismang, Hester, Boyd, and McKee Basic Change: HB1634 creates the "Arkansas Sports Raffle Act" to permit an institution of higher education or its affiliated nonprofit organization ("qualifying organizations") to conduct a raffle for educational, charitable, or philanthropic purposes under certain conditions. A raffle conducted under the new law is not subject to the provisions of the Charitable Bingo and Raffles Enabling Act, § 23-114-101 et seq. HB1634 provides that a raffle conducted under the Arkansas Sports Raffle Act is governed by Amendment 84 of the Arkansas Constitution. The raffle must be based on an official game or sporting event between a qualifying organization's collegiate athletic team and an opposing institution of higher education's collegiate athletic team and is limited to one raffle per game or sport

Fiscal Impact Statement ______________________________________________________________________________ DATE: 3/3/2025 BILL: HB1634 SPONSOR: Rep. Hawk, M. Shepherd, Eubanks, Evans, Achor, Duffield, Brooks, Maddox, Ray, L. Johnson; Sen. Dismang, Hester, J. Boyd, M. McKee SUBTITLE: TO ESTABLISH THE ARKANSAS SPORTS RAFFLE ACT; AND TO DECLARE AN EMERGENCY ______________________________________________________________________________ TOPIC - Higher Education AFFECTED FUNDS – Institutional Revenues REVENUE IMPACT - $0 ASSUMPTIONS - BASED ON: This act would create the ability for institutions of higher ed to conduct 50/50 raffles to raise funds for various purposes. The expectation from the institutions is that their affiliated foundations would incur the start-up costs and operating expenses surrounding the implementation and administration of the raffles. This results in a $0 direct impact to institutional revenues. ADDITIONAL COMMENTS – Prepared by the Arkansas Department of Education