The bill, HB 426, proposes amendments to the Code of Governmental Ethics, specifically allowing exceptions for certain public servants regarding their employment and compensation 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 coaches to the list of professionals allowed to provide services. The bill also clarifies the conditions under which a governing authority member can maintain employment with a business related to their governmental entity, ensuring that their compensation is not significantly influenced by that relationship and that they comply with disclosure requirements. The proposed law will take effect upon the governor's signature or after the lapse of time for gubernatorial action.