Kansas SB 316: Authorizing the state bank commissioner to establish a nonprofit organization incorporated under the laws of Kansas to provide charitable consumer financial education initiatives in Kansas.
Status: Died in Committee (as of 2026-04-10)
State: Kansas · Session: 2025-2026 · Bill: SB 316
Subjects: Financial Institutions
Sponsors: Committee on Financial Institutions and Insurance
Bill Text
SB 316 — As Introduced — Kansas Legislature • • • • • • • • • • • • • Skip to main content Kansas Legislature kslegislature.gov menu Home House account_balanceAbout the House groupsRepresentatives campaignEvents chairSeating Chart auto_storiesJournals & Calendars manage_accountsChief Clerk of the House gavelRules Senate account_balanceAbout the Senate groupsSenators campaignEvents assignment_indAppointments chairSeating Chart auto_storiesJournals & Calendars manage_accountsSecretary of the Senate gavelRules Committees groupsCommittees eventHearing Schedule handshakeConference Committee Schedule Measures & Laws gavelAll Measures account_balanceHouse Measures account_balanceSenate Measures account_balanceVotes topicSubject Index summarizeReports menu_bookStatutes schoolHow a Bill Becomes Law menu_bookLegislative Procedure Manual Today campaignLive Floor Activity videocamHouse Video videocamSenate Video live_tvStatehouse Live & Archive smart_displayYouTube Channel Resources Archive Search description Go to bill or resolution arrow_forward A− A+ search Search bills, resolutions, and statutes help Keywords Enter any words to search bills, statutes, and documents. water quality funding Bill or Resolution Number Type a number and press Enter to go directly to the detail page. HB 2590 SCR 1611 Statute Number 68-102 72-3715 Exact Phrase Wrap your query in quotes. “rules of evidence” Document Type Prefix with a type to narrow results. testimony: HB 2513 minutes: budget Searching… No results found. search Search bills, resolutions, and statutes Home House About the House Representatives Events Seating Chart Journals & Calendars Chief Clerk of the House Rules Senate About the Senate Senators Events Appointments Seating Chart Journals & Calendars Secretary of the Senate Rules Committees All Committees Hearing Schedule Conference Committee Schedule Measures & Laws All Measures House Measures Senate Measures Votes Subject Index Reports Statutes How a Bill Becomes Law Legislative Procedure Manual Resources Today Live Floor Activity House Video Senate Video Statehouse Live & Archive YouTube Channel Archive Search • SB 316› • SB 316 — As Introduced Kansas Legislature SB 316 — As Introduced picture_as_pdf Download PDF Session of 2026 SENATE BILL No. 316 By Committee on Financial Institutions and Insurance 1-14 1AN ACT concerning the office of the state bank commissioner; relating to 2powers, duties and responsibilities of the state bank commissioner; 3authorizing the state bank commissioner to establish a nonprofit 4organization incorporated under the laws of Kansas to provide 5charitable consumer financial education initiatives in Kansas. 6 7Be it enacted by the Legislature of the State of Kansas: 8Section 1. (a) (1) The state bank commissioner is authorized to 9establish a nonprofit organization incorporated under the laws of Kansas to 10provide charitable consumer financial education initiatives in Kansas. 11(2) Unless otherwise provided in this section, the nonprofit 12organization may engage in any lawful activity that such organization 13deems necessary to further such organization's charitable consumer 14financial education initiatives in Kansas, including, but not limited to: 15(A) Directly providing outreach and education; 16(B) funding other nonprofit organizations that provide consumer 17financial education; 18(C) providing scholarships to Kansans for the attainment of higher 19education in Kansas postsecondary educational institutions; or 20(D) investing idle funds for future consumer financial education 21initiatives. 22(b) (1) The nonprofit organization may accept grants or donations 23from the public. 24(2) With the approval of the state bank commissioner or the 25commissioner's designee, any person under an enforcement action or 26examination that is ordered to pay a fine designated for consumer financial 27education may contribute a donation to the nonprofit organization in lieu 28of paying such fine. 29(c) The state bank commissioner may authorize the funding of the 30nonprofit organization for the initial and subsequent transfers from the 31consumer education settlement fund. 32(d) The nonprofit organization shall not: 33(1) Have paid employees; or 34(2) hold or acquire any real or personal property other than 35publications and other personal property intended to be provided through 36charitable consumer financial education initiatives in Kansas. 1(e) The nonprofit organization may enter into contracts with third 2parties to further such organization's charitable consumer financial 3education initiatives, including, but not limited to, accountants and 4investment professionals. 5(f) (1) The nonprofit organization s
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