The objective of this paper is to lay the foundation for Arkansas to enact legislation enanbling a prize-linked savings (PLS) program to exist in the state. In this report, Southern Bancorp Community Partners' policy team makes the case for why Arkansas should authorize the use of PLS programs thorugh the distributions channels of fnancial institutions or the Arkansas Scholarship Lottery. This brief will illustrate the purpose and effectiveness of PLS accounts, explain why a PLS program in Arkansas would be advantageous for the state and its people, and offer three PLS program alternatives for state policy consideration
