Senate Concurrent Resolution No. 1612 proposes an amendment to Article 11 of the Kansas Constitution, allowing the legislature to contract public debt and pledge the state's full faith, credit, and taxing power for repayment. This amendment aims to modernize the state's public debt law, enabling the legislature to issue various forms of public debt, such as general obligation bonds and revenue bonds, while ensuring that such actions are based on considerations of cost-effectiveness and debt service efficiency. The resolution stipulates that all matters related to contracting public debt will be governed by laws established by the legislature.

If approved by a two-thirds majority in both the Senate and House, the proposed amendment will be presented to Kansas voters during the primary election in August 2025, unless a special election is called sooner. The ballot will include an explanatory statement detailing the implications of the amendment, including the potential benefits of reduced interest rates on state debt obligations and the increased authority granted to the legislature over public debt matters. A vote in favor would enable these changes, while a vote against would maintain the current constitutional provisions regarding public debt.