NC S755

Establishes a six-month waiting period prohibiting certain state employees, officers, and board members from accepting employment with or receiving compensation from entities that contracted with or were regulated by the state within six months before or after leaving state service.

Applies the restriction to state employees who personally and substantially participated in awarding or managing a state contract or making regulatory/licensing decisions involving the employer during the six months before departure.

Extends restrictions to state constitutional officers, agency heads, board/commission members with contract or regulatory authority, and chief procurement officers regardless of personal participation in specific contracts or decisions if their former agency had dealings with the prospective employer.

Requires state agencies to adopt policies identifying positions likely to have authority over contracts or regulatory decisions and to notify employees in covered positions of the restrictions at hiring, promotion, transfer, duty changes, or departure.

Establishes violation as a Class 3 misdemeanor with fines between $1,000 and $5,000, effective July 1, 2014.