require financial interest statements from members of certain state authorities, boards, and commissions, and to provide a penalty therefor.

HB 1166 requires members of specific South Dakota state authorities, boards, and commissions to annually disclose financial interests by January 31. This includes sources of family income over $2,000, business ownership stakes exceeding 10%, officer roles, state contracts, and real estate generating over $10,000 annually. Failure to file or provide false information results in voting suspension, potential removal by the Governor, or a Class 2 misdemeanor charge. The Secretary of State transmits disclosures to an audit committee for annual review and reporting.