S.Con.Res.1612

Proposing to amend the Kansas constitution to allow the legislature to contract public debt and pledge the state's full faith, credit, and taxing.

This bill proposes to amend the Kansas constitution by adding a new section that would allow the state legislature to contract public debt and pledge the full faith, credit, and taxing power of the state for its payment. It would also give the legislature authority over all matters concerning the contracting of public debt, including issuing general obligation bonds, revenue bonds, or other evidence of public debt. The amendment would require the legislature to consider cost-effectiveness and debt service efficiency for the state.