The bill, HB 426, introduces amendments to the Code of Governmental Ethics, specifically allowing exceptions for certain public servants regarding their employment and financial relationships. It permits teachers, coaches, and other educational professionals to provide academic tutoring or athletic training services for compensation to students at their own schools, while also waiving any associated usage fees for school facilities. Additionally, the bill allows members of school boards or municipal governing authorities to continue their employment with entities that have or seek business relationships with their governmental entity, provided they meet specific conditions, such as being a salaried employee and not participating in transactions involving their employer.

Key amendments include the removal of the requirement for school board approval of tutoring arrangements and the addition of provisions that outline the conditions under which governing authority members can maintain employment with a business that has a relationship with their governmental entity. These conditions include stipulations about the member's compensation being unaffected by the employer's relationship with the governmental entity, and compliance with disclosure requirements. The bill is set to take effect upon the governor's signature or the lapse of time for gubernatorial action.