1. (a) The Indiana horse racing commission is established. The commission consists of five (5) members appointed by the governor. The members of the commission:

   1. (1) must be registered voters;
   2. (2) must have resided in Indiana for at least five (5) years preceding their appointment;
   3. (3) may not be state employees; and

   4. (4) may not have a direct or indirect interest in a firm, association, or corporation that:

      1. (A) is licensed by the commission; or
      2. (B) participates in pari-mutuel meetings in any manner.
2. (b) No more than three (3) members of the commission may be affiliated with the same political party.

As added by P.L.341-1989(ss), SEC.2. Amended by P.L.8-1993, SEC.38.