{"data":{"id":"us-ar/ark.-code-ann.-23-114-503","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 23-114-503","heading":"Authorized uses of a bingo and raffle account","body":"(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 necessary and reasonable bona fide bingo-related and raffle-related expenses; (2) The disbursement of net proceeds derived from the conduct of games of bingo or raffles to charitable purposes; or (3) The transfer of net proceeds derived from the conduct of games of bingo or raffles to the licensed authorized organization's bingo and raffle savings account pending a disbursement to a charitable purpose. (b) A licensed authorized organization shall make the disbursement of net proceeds on deposit in the bingo and raffle savings account to a charitable purpose by transferring the intended disbursement back into the licensed authorized organization's bingo and raffle account and then withdrawing an amount by a check drawn on the bingo and raffle account. Acts 2007, No. 388, § 1.\n\n(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 necessary and reasonable bona fide bingo-related and raffle-related expenses; (2) The disbursement of net proceeds derived from the conduct of games of bingo or raffles to charitable purposes; or (3) The transfer of net proceeds derived from the conduct of games of bingo or raffles to the licensed authorized organization's bingo and raffle savings account pending a disbursement to a charitable purpose.\n\n(1) The payment of necessary and reasonable bona fide bingo-related and raffle-related expenses;\n\n(2) The disbursement of net proceeds derived from the conduct of games of bingo or raffles to charitable purposes; or\n\n(3) The transfer of net proceeds derived from the conduct of games of bingo or raffles to the licensed authorized organization's bingo and raffle savings account pending a disbursement to a charitable purpose.\n\n(b) A licensed authorized organization shall make the disbursement of net proceeds on deposit in the bingo and raffle savings account to a charitable purpose by transferring the intended disbursement back into the licensed authorized organization's bingo and raffle account and then withdrawing an amount by a check drawn on the bingo and raffle account.","path":["AR Code","Title 23","Chapter 114","Subchapter 5"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"fa54d20aacaa39ad9afa1028033855e060c82e4aa5db258510f1a4ce770ba1d7","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-23-114-502","next":"us-ar/ark.-code-ann.-23-114-504"},"notice":"GroundRules: Original legal text. Not legal advice."}