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

A. A member of the commission shall have been a resident of this state and a qualified elector for at least five years before the governor appoints the member.

B. Before entering on 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 does not 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 a member's 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 division.

E. Of the five members appointed to the commission, two shall have a financial interest or substantial experience in the horse or harness 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.