Creates California Racing Board, consisting of three members, appointed by Governor, empowered to regulate and license racing and wagering, within race track enclosure, by system known as Certificate System; limits racing period at each track; requires all fees collected by board be paid into California Racing Board Fund, appropriating Thirty Thousand dollars thereof annually for payment of salaries and expenses of members of Board and its appointees, and annually dividing balance thereof between Veterans' Welfare Board and State Board of Agriculture: authorizes licenses tor limited periods at county fairs or agricultural exhibits.
Popular Vote Results
Y: 904493; A: 48.6; N: 956895; B: 51.4
A. J. Uniack, Chairman, Southern California Campaign Committee; William A. O'Neill, Chairman, Northern California Campaign Committee
George I. Cochran, President, Pacific Mutual Life Insurance Company; F. M. Larkin, Secretary, California State Church Federation
RACING California Proposition 5 (1932).