The bill, HB 426, proposes amendments to the Code of Governmental Ethics, specifically allowing exceptions for certain public servants regarding their employment and financial relationships. It introduces provisions that permit 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 not being an officer or owning more than one percent of the entity.

Key amendments include the removal of the requirement for school board approval of tutoring arrangements and the addition of conditions under which public servants can maintain employment with prohibited sources. The bill emphasizes compliance with existing disclosure requirements and outlines the necessary criteria for these exceptions to apply, ensuring that public servants do not have conflicts of interest while engaging in outside employment. The proposed law will take effect upon the governor's signature or the lapse of time for gubernatorial action.