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Arkansas' Proposed Casino Amendment to Provide College Scholarships

9 October 2000

LITTLE ROCK, ARKANSAS – Oct. 9, 2000 – As reported by The Associated Press: "The campaign manager for a proposed amendment that would authorize casinos in six Arkansas counties introduced 10 student supporters on Monday, but said he could not reveal the hundreds of investors behind the amendment.

"The Arkansas Casino Corp. proposal would legalize casino gambling in Boone, Crittenden, Garland, Miller, Pulaski and Sebastian counties. It would also create the Arkansas Gaming Commission to set up and operate a state lottery and to regulate charitable bingo.

"Glen Hooks said at a news conference that the proposal would fund college scholarships for Arkansas high school students with 45 percent of the proceeds from the lottery and with 10 percent of the tax on casinos. He also said the amendment will replace the state sales tax on food with the tax on casinos.

"…He said Amendment 5 would create the Arkansas Educational Trust Fund. He said it is based on the Hope Scholarship Program in Georgia, which since 1993 has provided 458,443 scholarships, totaling $996.5 million.

"…If the amendment passes, he said, every high school graduate that is accepted into an accredited higher education program would be eligible for a grant to cover the average cost of four years of college."

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