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.