Bill > HB1221

This bill establishes a new rule for individuals who work for the Governor's Office of Economic Development (GOED), a state agency focused on economic growth. Specifically, it prevents these employees from accepting payment or working for any entity that received financial assistance, such as grants or loans, from the GOED, or received money from a specific state fund called "South Dakota's future fund," for a period of five years after they leave their GOED job. This restriction applies if the entity received this assistance or funding while the individual was employed at the GOED. Violating this new rule would be considered a Class 1 misdemeanor, which is a serious but less severe criminal offense.

Government Affairs

https://sdlegislature.gov/#/Session/Bill/26903