The bill establishes a new post-employment restriction for individuals who have worked in the Governor's Office of Economic Development. Specifically, it prohibits these employees from accepting compensation, employment, or entering into contractual relationships with any entity that received financial assistance from the office during their tenure. This restriction lasts for a period of five years following their departure from the office.

Additionally, the bill outlines that this restriction applies to entities that received grants, loans, or other financial assistance from the Governor's Office, as well as those that benefited from investments in South Dakota's future fund. Violating this provision is classified as a Class 1 misdemeanor, thereby imposing a legal penalty for non-compliance.