It is found and declared by the General Assembly that:
(1) Net proceeds of lotteries conducted under this chapter shall be used to:
(A) Fund and provide for scholarships and grants to citizens of the State of Arkansas enrolled in public and private nonprofit two-year and four-year colleges and universities located within the state; and
(B) Supplement, not supplant, nonlottery educational resources;
(2) Lotteries shall be operated and managed in a manner that:
(A) Provides continuing entertainment to the public;
(B) Maximizes revenues for scholarships; and
(C) Ensures that the lotteries are operated with integrity, dignity, and adequate internal controls and free of political influence; and
(3) The Office of the Arkansas Lottery shall be accountable to the General Assembly and to the public through a system of audits and reports.