Order

2025R: SB232 ACT 429

TO AMEND VARIOUS PROVISIONS OF THE ARKANSAS SCHOLARSHIP LOTTERY ACT; AND TO DECLARE AN EMERGENCY.

Latest action: Notification that SB232 is now Act 429

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Sponsor	Role
Hickey	lead
Cozart	primary

When	Chamber	Action
Feb 13, 2025, 3:01 p.m. CT	Senate	Filed
Feb 13, 2025, 3:45 p.m. CT	Senate	Read first time, rules suspended, read second time, referred to EDUCATION COMMITTEE - SENATE
Feb 25, 2025, 7:59 a.m. CT	Senate	Withdrawn from Committee and placed on 2nd reading for purpose of amendment # 1
Feb 25, 2025, 7:59 a.m. CT	Senate	Amendment # 1 read the first time, rules suspended, read the second time and adopted, ordered engrossed.
Feb 25, 2025, 1:41 p.m. CT	Senate	REPORTED CORRECTLY ENGROSSED
Feb 25, 2025, 1:41 p.m. CT	Senate	Re-referred to EDUCATION COMMITTEE - SENATE
Mar 11, 2025, 7:58 a.m. CT	Senate	Withdrawn from Committee and placed on 2nd reading for purpose of amendment # 2
Mar 11, 2025, 7:58 a.m. CT	Senate	Amendment # 2 read the first time, rules suspended, read the second time and adopted, ordered engrossed.
Mar 11, 2025, 1:40 p.m. CT	Senate	REPORTED CORRECTLY ENGROSSED
Mar 11, 2025, 1:40 p.m. CT	Senate	Re-referred to EDUCATION COMMITTEE - SENATE
Mar 17, 2025, 6:58 p.m. CT	Senate	Returned by the Committee with the recommendation that it Do Pass as amended, Amendment # 3
Mar 18, 2025, 1:53 p.m. CT	Senate	Placed on second reading for purpose of amendment.
Mar 18, 2025, 1:53 p.m. CT	Senate	Amendment # 3 read the first time, rules suspended, read the second time and adopted, ordered engrossed.
Mar 18, 2025, 3:45 p.m. CT	Senate	REPORTED CORRECTLY ENGROSSED
Mar 19, 2025, 2:27 p.m. CT	Senate	Read the third time and passed. ·
Mar 19, 2025, 2:27 p.m. CT	Senate	EMERGENCY CLAUSE ADOPTED
Mar 19, 2025, 2:27 p.m. CT	Senate	Ordered immediately transmitted to the House.
Mar 19, 2025, 4:33 p.m. CT	House	RECEIVED FROM THE SENATE
Mar 19, 2025, 5:24 p.m. CT	House	Read the first time, rules suspended, read the second time and placed on the CALENDAR.
Mar 31, 2025, 3:27 p.m. CT	House	Read the third time and passed and ordered transmitted to the Senate. ·
Mar 31, 2025, 3:27 p.m. CT	House	EMERGENCY CLAUSE ADOPTED
Mar 31, 2025, 3:27 p.m. CT	House	Returned to the Senate as passed.
Mar 31, 2025, 5:49 p.m. CT	Senate	Returned from the House as passed.
Mar 31, 2025, 5:49 p.m. CT	Senate	ORDERED ENROLLED
Apr 1, 2025, 9:13 a.m. CT	Senate	Reported correctly enrolled and ordered delivered to the Governor.
Apr 1, 2025, 9:13 a.m. CT	Senate	DELIVERED TO GOVERNOR.
Apr 7, 2025, 1:08 p.m. CT	Senate	Notification that SB232 is now Act 429

Meetings

When	Meeting	Video
Mar 18, 2025, 1:30 p.m. CT	Senate Floor Session · Senate Chamber	Video Add to Google Calendar Add to Apple Calendar
Mar 19, 2025, 1:30 p.m. CT	Senate Floor Session · Senate Chamber	Video Add to Google Calendar Add to Apple Calendar
Mar 31, 2025, 1:30 p.m. CT	House Meeting · House	Video Add to Google Calendar Add to Apple Calendar

Filed amendments on record: S1 (Senate) by Hickey, filed Feb 24, 2025, 3:54 p.m. CT: ARKANSAS SENATE 95th General Assembly - Regular Session, 2025 Amendment Form ______________________________________________________________________ Subtitle of Senate Bill 232 TO AMEND VARIOUS PROVISIONS OF THE ARKANSAS SCHOLARSHIP LOTTERY ACT; AND TO DECLARE AN EMERGENCY. ______; S2 (Senate) by Hickey, filed Mar 10, 2025, 10:53 a.m. CT: ARKANSAS SENATE 95th General Assembly - Regular Session, 2025 Amendment Form ______________________________________________________________________ Subtitle of Senate Bill 232 TO AMEND VARIOUS PROVISIONS OF THE ARKANSAS SCHOLARSHIP LOTTERY ACT; AND TO DECLARE AN EMERGENCY. ______; S3 (Senate) by Hickey, filed Mar 17, 2025, 6:14 p.m. CT: ARKANSAS SENATE 95th General Assembly - Regular Session, 2025 Amendment Form ______________________________________________________________________ Subtitle of Senate Bill 232 TO AMEND VARIOUS PROVISIONS OF THE ARKANSAS SCHOLARSHIP LOTTERY ACT; AND TO DECLARE AN EMERGENCY. ______.

Number	Chamber	Sponsor	Introduced
S1	Senate	Hickey	Feb 24, 2025, 3:54 p.m. CT
S2	Senate	Hickey	Mar 10, 2025, 10:53 a.m. CT
S3	Senate	Hickey	Mar 17, 2025, 6:14 p.m. CT

Fiscal impact

DFA1 · Feb 24, 2025

Fiscal Impact Statement Bill: SB232 Bill Subtitle: TO AMEND VARIOUS PROVISIONS OF THE ARKANSAS SCHOLARSHIP LOTTERY ACT; AND TO DECLARE AN EMERGENCY. --------------------------------------------------------------------------------------------------------------------------------------- Sponsor: Sen. Hickey Basic Change: SB232 amends various provisions of state law regarding operations of the Office of Arkansas Lottery (OAL). SB232 eliminates the Scholarship Shortfall Reserve Trust Account ("Shortfall Account"). The bill transfers the $20 million fund balance in the Shortfall Account to the Office of the Arkansas Lottery's Unrestricted Net Position Account to reduce the deficit to $0.00. Any remaining funds in the Shortfall Account after this transfer will be transferred to the Lottery Scholarship Trust Account. SB232 amends several definitions, as follows: • Amends the definition of "lottery proceeds" to include revenue from interest; • Amends the definition of "net proceeds" to include any adjustments required to meet the Multi-State Lottery Association reserve requirements and to include fidelity fund revenue that exceeds a fidelity fund balance of $500,000; and • Amends the defini

Other1 · Feb 19, 2025

Fiscal Impact Statement 95th General Assembly of the State of Arkansas Regular Session, 2025 ______________________________________________________________________________ DATE: 02/18/2025 BILL: SB232 SPONSOR: Sen. Hickey SUBTITLE: TO AMEND VARIOUS PROVISIONS OF THE ARKANSAS SCHOLARSHIP LOTTERY ACT; AND TO DECLARE AN EMERGENCY. ______________________________________________________________________________ I. Net proceeds from the state lottery for the 4 immediately preceding years: Year: Net Proceeds Amount: 2023-2024 $129,404,053 2022-2023 $114,767,980 2021-2022 $99,386,657 2020-2021 $106,417,224 II. Total amount of additional revenue available, if any: Year: Source: Amount: 2023-2024 Net Proceeds Fund Balance $0 2022-2023 Net Proceeds Fund Balance $0 2021-2022 Net Proceeds Fund Balance $0 2020-2021 Net Proceeds Fund Balance $0 III. Net proceeds used to fund the following during the 4 immediately preceding years: ACS: CCS: CADEMIC HALLENGE CHOLARSHIPONCURRENT HALLENGE CHOLARSHIP Year: Net Proceeds Used: Year: Net Proceeds Used: 2023-2024 $55,472,177 2023-2024 $3,875,974 2022-2023 $54,358,056 2022-2023 $2,596,826 2021-2022 $55,104,798 2021-2022 $2,737,648 2020-2021 $68,057,167 2020

Committee actions

Do Pass as amended · Senate · Mar 17, 2025, 6:58 p.m. CT
Returned by the Committee with the recommendation that it Do Pass as amended, Amendment # 3

Floor roll calls

House · RCS 776

Monday, March 31, 2025 3:27:09 PM · arkleg

97Yea

0Nay

3Not voting

0Present

0Excused

Yea (97)

Not voting (3)

Senate · RCS 628

Wednesday, March 19, 2025 2:27:30 PM · arkleg

33Yea

0Nay

0Not voting

1Present

1Excused

Yea (33)

Present (1)

Stephanie Flowers (D)

Excused (1)

Tyler Dees (R)

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