An Act to prohibit members of the Board of Economic Development from having any interest in moneys from or approved by the Board of Economic Development.

Be it enacted by the Legislature of the State of South Dakota:

Section 1. That a NEW SECTION be added to chapter 1-16G:

A member of the Board of Economic Development may not have an ownership interest in, or serve on the board of, any entity receiving an award, disbursement, expenditure, or grant of public moneys from or approved by the Board of Economic Development.