A person is disqualified from employment by the board if the person, the person’s spouse, or any dependent child thereof:
(a) Holds a financial interest in a horserace track.
(b) Holds a financial interest or position of management with an entity that conducts parimutuel horseracing.
(c) Holds a financial interest in a management or concession contract with a business entity that conducts parimutuel horseracing.
(Amended by Stats. 1977, Ch. 1080.)