Session of 1999
         
House Concurrent Resolution No. 5037
         
By Committee on Appropriations
         
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  9             A PROPOSITION to amend section 2 of article 13 of the constitution of
10             the state of Kansas, relating to banks.
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14             Be it resolved by the Legislature of the State of Kansas, two-thirds of the
15             members elected (or appointed) and qualified to the House of Repre-
16             sentatives and two-thirds of the members elected (or appointed) and
17             qualified to the Senate concurring therein:
18                   Section  1. The following proposition to amend the constitution of the
19       state of Kansas shall be submitted to the qualified electors of the state
20       for their approval or rejection: Section 2 of article 13 of the constitution
21       of the state of Kansas is hereby amended to read as follows:
22             "§  2. State not to be stockholder. The state shall not be a stock-
23             holder in any banking institution, except that any retirement or pension
24             plan authorized pursuant to the laws of this state may be a stockholder
25             in any banking institution."
26        Sec.  2. The following statement shall be printed on the ballot with
27       the amendment as a whole:
28               "Explanatory statement. The purpose of this amendment is to allow
29             any retirement or pension plan authorized pursuant to the laws of this
30             state to be a stockholder in any banking institution.
31              "A vote for this amendment would allow any retirement or pension
32             plan authorized pursuant to the laws of this state to be a stockholder
33             in any banking institution.
34              "A vote against this amendment favors retaining the current prohi-
35             bition against the state and any retirement or pension plan authorized
36             pursuant to the laws of this state from being a stockholder in any
37             banking institution."
38             Sec.  3. This resolution, if approved by two-thirds of the members
39       elected (or appointed) and qualified to the House of Representatives and
40       two-thirds of the members elected (or appointed) and qualified to the
41       Senate, shall be entered on the journals, together with the yeas and nays.
42       The secretary of state shall cause this resolution to be published as pro-
43       vided by law and shall cause the proposed amendment to be submitted
44       to the electors of the state at the general election in the year 2000 unless
45       a special election is called at a sooner date by concurrent resolution of

HCR 5037

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  1       the legislature, in which case it shall be submitted to the electors of the
  2       state at the special election.
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