A person is disqualified from membership on the board if the person, the person’s spouse or any dependent child thereof:
(a) Holds a financial interest in any horse racing track.
(b) Holds a financial interest or position of management with any business entity which conducts parimutuel horse racing.
(c) Holds a financial interest in a management or concession contract with any business entity which conducts parimutuel horse racing.
(Amended by Stats. 2000, Ch. 1082, Sec. 18. Effective January 1, 2001.)