prohibit members of the Board of Economic Development from having any interest in moneys from or approved by the Board of Economic Development.

HB 1222 prohibits members of South Dakota's Board of Economic Development from holding any financial interest (such as ownership or board membership) in entities that receive funding, grants, or public money approved by the Board. This directly affects Board members and businesses or organizations seeking economic development funds. The key provision bans conflicts of interest by ensuring Board members cannot benefit financially from the organizations they help fund. The bill aims to prevent self-dealing in economic development funding decisions.