Sec 5-103. Commissioners; qualifications; oath; interest in racing prohibited; exception

A. A member of the commission shall have been a resident of this state and a qualified elector for not less than five years next preceding appointment.

B. Before entering upon the discharge of the appointee's duties, each appointee shall take the official oath.

C. A person who has a financial interest, either directly or indirectly, in a racetrack, or the operation of licensed wagering on the results of races, is not qualified for membership on the commission or appointment or employment by the commission, but this subsection shall not be construed to affect the entrance into a race outside this state of a horse or dog belonging to a member, or the winning of a purse or award by such horse or dog.

D. A commissioner or member or a relative of the commissioner or member to the first degree of consanguinity may not have a financial interest in a licensee or permittee regulated by the department.

E. Of the five members appointed to the commission:

1. One but not more than one shall have a financial interest or substantial experience in the horse or harness racing industry.

2. One but not more than one shall have a financial interest or substantial experience in the dog racing industry.

F. Members of the commission are eligible to receive compensation pursuant to section 38-611 for each day spent in the discharge of their duties and reimbursement for all expenses necessarily and properly incurred in attending meetings of or for the commission.

G. The governor shall remove any commissioner who ceases to meet the qualifications prescribed by this section.