Monday, February 9, 2009

Draft of Proposed Arkansas Lottery Legislation (UPDATE - Summary of the Summary)

Hot off the presses - Here is the draft of the Arkansas Lottery Legislation. (Thanks to Rep. Harrelson for hosting the pdf.)

UPDATE - I read through it and here is my summary of the summary.
This executive proposal provides a pretty good outline of what appears to be a well thought out proposal. The proposal would create a nine-member commission made up of three members appointed by the governor, three members appointed by the Speaker of the House, and three members appointed by the President Pro Tempore of the Senate. It would be nice to require some bipartisan input on the commission but I was glad to see that it will require at least one attorney, one CPA (YEAH!), and one marketing expert. Who knows, maybe the governor has me in mind for this post. The commission would have a board range of powers to set up the lottery, provided it does not set-up certain prohibited games such as casino gaming and video lotteries.

The proposal also creates an Arkansas Lottery Commission Legislative Oversight Commission made up of five state representatives appointed by the Speaker of the House and five state senators appointed by the President Pro Tempore of the Senate. Once again, there is no requirement for bipartisan representation on this oversight commission.
The scholarships created by the lottery fall into five different programs. First, the base level Opportunity Scholarship will go to any Arkansas student with a 2.5 GPA or a 19 of the ACT and will be at least $1,500 per year for four year schools or $750 per year two year schools. A second level Smart Core Incentive will award an additional $500 for students who complete a Smart Core curriculum. A Transfer Scholarship of $2,500 annually will be awarded to students completing an associate’s degree and admitted to a four-year degree program. There is also an additional program for students training for high demand jobs and a program for high school students taking college courses.
But don't take my word for it. Go read the whole thing yourself.

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