2007 Minnesota Statutes

240.28 CONFLICT OF INTEREST.
    Subdivision 1. Financial interest. No person may serve on or be employed by the
commission who has an interest in any corporation, association, or partnership which holds a
license from the commission or which holds a contract to supply goods or services to a licensee
or at a licensed racetrack, including concessions contracts. No member or employee of the
commission may own, wholly or in part, or have an interest in a horse which races at a licensed
racetrack in Minnesota. No member or employee of the commission may have a financial interest
in or be employed in a profession or business which conflicts with the performance of duties
as a member or employee.
    Subd. 2. Betting. No member or employee of the commission may bet or cause a bet to be
made on a race at a licensed racetrack while serving on or being employed by the commission.
No person appointed or approved by the director as a steward may bet or cause a bet to be made
at a licensed racetrack during a racing meeting at which the person is serving as a steward. The
commission shall by rule prescribe such restrictions on betting by its licensees as it deems
necessary to protect the integrity of racing.
    Subd. 3. Violation. A violation of subdivisions 1 and 2 is grounds for removal from the
commission or termination of employment. A bet made directly or indirectly by a licensee in
violation of a rule made by the commission under subdivision 2 is grounds for suspension or
revocation of the license.
History: 1983 c 214 s 28; 1986 c 444; 1989 c 334 art 1 s 14; 1991 c 233 s 93; 1991 c
336 art 1 s 30; 1994 c 633 art 1 s 16