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23-114-408. Prizes.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-114-408. Prizes.
(a) A bingo prize shall not have a value of more than one thousand dollars ($1,000) for a single game.
(b) For the total prizes of all games of bingo, a licensed authorized organization shall not offer or award during a single bingo session prizes with an aggregate value of more than seven thousand five hundred dollars ($7,500).
(c)(1) A licensed authorized organization shall not award or offer to award a door prize with a value of more than two hundred fifty dollars ($250) per bingo session.
(2) The value of the door prize under subdivision (c)(1) of this section shall not accrue against the bingo session prize limitation of seven thousand five hundred dollars ($7,500).
(d)(1) A bingo prize, other than cash, may be merchandise with a recognized wholesale cost not to exceed one thousand dollars ($1,000).
(2) A copy of the receipt for merchandise under subdivision (d)(1) of this section shall be maintained in the licensed authorized organization's bingo records.
(e)(1) Except as otherwise provided in subdivision (e)(2) of this section, the total value of raffle prizes in a calendar year shall not exceed fifty thousand dollars ($50,000).
(2) If the prizes were donated to the licensed authorized organization, the total value of raffle prizes in a calendar year shall not exceed one hundred thousand dollars ($100,000), except as applicable to a temporary license to conduct a raffle under § 23-114-302(b)(3).
(f)(1) A raffle prize shall not exceed five thousand dollars ($5,000) in cash.
(2) As used in this subsection, “cash” means coins, paper currency, or a negotiable instrument that represents and is readily convertible to coins or paper currency.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-114-408
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Stable record: arkansas_code:legal_authorities:23-114-408
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: f968165dbc10fe7bb4eeb002c5d8ce0a0d2b1d006d2eb242e71bce1ae798738f
Source location: content.xml paragraph 65162
Stored source content
23-114-408. Prizes.
(a) A bingo prize shall not have a value of more than one thousand dollars ($1,000) for a single game.
(b) For the total prizes of all games of bingo, a licensed authorized organization shall not offer or award during a single bingo session prizes with an aggregate value of more than seven thousand five hundred dollars ($7,500).
(c)(1) A licensed authorized organization shall not award or offer to award a door prize with a value of more than two hundred fifty dollars ($250) per bingo session.
(2) The value of the door prize under subdivision (c)(1) of this section shall not accrue against the bingo session prize limitation of seven thousand five hundred dollars ($7,500).
(d)(1) A bingo prize, other than cash, may be merchandise with a recognized wholesale cost not to exceed one thousand dollars ($1,000).
(2) A copy of the receipt for merchandise under subdivision (d)(1) of this section shall be maintained in the licensed authorized organization's bingo records.
(e)(1) Except as otherwise provided in subdivision (e)(2) of this section, the total value of raffle prizes in a calendar year shall not exceed fifty thousand dollars ($50,000).
(2) If the prizes were donated to the licensed authorized organization, the total value of raffle prizes in a calendar year shall not exceed one hundred thousand dollars ($100,000), except as applicable to a temporary license to conduct a raffle under § 23-114-302(b)(3).
(f)(1) A raffle prize shall not exceed five thousand dollars ($5,000) in cash.
(2) As used in this subsection, “cash” means coins, paper currency, or a negotiable instrument that represents and is readily convertible to coins or paper currency.
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-114-302. License fees — Authorized organizations.
(a) An authorized organization license to conduct games of bingo and raffles may be issued to an authorized organization and is subject to renewal on an annual basis. The annual fee for this license shall be one hundred dollars ($100).
(b) In lieu of the annual license issued under subsection (a) of this section, an authorized organization, at its request, may be issued one (1) or more of the following temporary authorized organization licenses:
(1) A temporary license to conduct one (1) bingo session. The fee for this temporary license is twenty-five dollars ($25.00);
(2) A temporary license, to be known as a “Class I temporary raffle license”, to conduct one (1) raffle other than a raffle under subdivision (b)(3) of this section. The fee for this temporary license is twenty-five dollars ($25.00); and
(3) A temporary license, to be known as a “Class II temporary raffle license”, to conduct one (1) raffle in which the total prize package to be given away has been donated and has a total value of less than five thousand dollars ($5,000). The fee for this temporary license is ten dollars ($10.00).
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-114-302
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 23-114-302. This identifies an authority to review, not proof of applicability.