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Minutes for HB2268 - Committee on Financial Institutions and Rural Development

Short Title

Enacting the Kansas rural home loan guarantee act and authorizing the state treasurer to guarantee a certain portion of rural home loans made by financial institutions and report to the legislature regarding such loan guarantees.

Minutes Content for Wed, Feb 16, 2022

Chair Kelly announced consideration of HB 2268, recognized David Wiese, Senior Assistant Revisor, who provided a refresher on HB 2268. No questions presented.

Representative Barbara Wasinger made a motion to favorably pass HB 2268.  The motion was seconded by Representative Nick Hoheisel.

Chair Kelly opened for discussion.

Representative Nick Hoheisel made a motion to amend HB 2268.  The motion was seconded by Representative Avery Anderson.(Attachment1)

Chair Kelly recognized David Wiese, Senior Assistant Revisor, who explained the amendment. Amendment provided to committee members in person and virtual. Question and answer period followed.

Further discussion.

Representative Nick Hoheisel closed on his motion to amend HB 2268 and the amendment was passed by the committee on a voice vote.

Representative Dan Osman made a motion to amend HB 2268,  The motion was seconded by Representative Rui Xu. (Attachment2)

Chair Kelly requested Representative Osman to explain the amendment.  Amendment provided to committee members in person and virtual. Question and answer period followed.

Further discussion.

Representative Dan Osman closed on his motion to amend HB 2268 and the amendment failed by the committee on a hand count, 3 yes and 7 no.

Representative Barbara Wasinger made a motion to favorably pass HB 2268 as amended.  The motion was seconded by Representative Nick Hoheisel and was passed by the committee on a voice vote.