PRESIDENTIAL PRIMARY. INITIATIVE STATUTE. Changes requirement that presidential primary election and state direct primary election be held on the first Tuesday in June. Instead, requires that the presidential primary election and state direct primary election be held on the first Tuesday in March in any year which is evenly divisible by the number four. Leaves state direct primary election on first Tuesday in June in other even-numbered years. Makes other conforming changes to existing law. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: This measure would not result in substantial state or local costs