A. Except as provided in Subsection B of this section, members of the board of directors are public officers subject to the provisions of the Governmental Conduct Act [N.M. Stat. Ann. Chapter 10, Article 16].

B. Members of the board of directors shall not, within one year of having served as a director, accept employment with an entity that has benefited from a contractual or other activity with the authority. Any person who knowingly and willfully violates the provisions of this subsection is guilty of a fourth degree felony and shall be sentenced pursuant to the provisions of Section 31-18-15 N.M. Stat. Ann.; provided, however, that nothing contained herein shall be construed to prohibit a member of the board of directors who is employed by a research institution, a national laboratory or the spaceport authority that may have benefited from a contractual or other activity with the authority from continuing in that employment nor to have violated this section continuing in such employment. An alleged violation of this subsection may be reported to the attorney general or district attorney for enforcement.