Provides that ballot measures approved by a majority of voters shall take effect five days after the Secretary of State certifies the results of the election. Fiscal Impact: Likely little or no effect on state and local finances.
Show Me The Money (as of May 29)
Bottom line: changes effective date from the day after the election to the 5th day after the state certifies the election (currently max 38 days).
Also corrects some grammar!
Ballot measures can always specify the date they take effect, even if it is retroactive. This is currently the case, too.