CHAPTER 184 HOUSE CONCURRENT RESOLUTION No. 5037 A Proposition to amend section 2 of article 13 of the constitution of the state of Kansas,
relating to banks.

      Be it resolved by the Legislature of the State of Kansas, two-thirds of the
      members elected (or appointed) and qualified to the House of Repre-
      sentatives and two-thirds of the members elected (or appointed) and
      qualified to the Senate concurring therein:

            Section  1. The following proposition to amend the constitution of the
state of Kansas shall be submitted to the qualified electors of the state
for their approval or rejection: Section 2 of article 13 of the constitution
of the state of Kansas is hereby amended to read as follows:

      ``§  2. State not to be stockholder. The state shall not be a stock-
      holder in any banking institution, except that any retirement or pension
      plan authorized pursuant to the laws of this state may be a stockholder
      in any banking institution.''

      Sec.  2. The following statement shall be printed on the ballot with
the amendment as a whole:

       ``Explanatory statement. The purpose of this amendment is to
      allow any retirement or pension plan authorized pursuant to the
      laws of this state to be a stockholder in any banking institution.

            ``A vote for this amendment would allow any retirement or pen-
      sion plan authorized pursuant to the laws of this state to be a stock-
      holder in any banking institution.

            ``A vote against this amendment favors retaining the current pro-
      hibition against the state and any retirement or pension plan au-
      thorized pursuant to the laws of this state from being a stockholder
      in any banking institution.''

      Sec.  3. This resolution, if approved by two-thirds of the members
elected (or appointed) and qualified to the House of Representatives and
two-thirds of the members elected (or appointed) and qualified to the
Senate, shall be entered on the journals, together with the yeas and nays.
The secretary of state shall cause this resolution to be published as pro-
vided by law and shall cause the proposed amendment to be submitted
to the electors of the state at the general election in the year 2000 unless
a special election is called at a sooner date by concurrent resolution of
the legislature, in which case it shall be submitted to the electors of the
state at the special election.

 Adopted by the House March 24, 1999.
Adopted by the Senate
March 30, 1999.
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