Assembly Constitutional Amendment 119. Adds Section 25a to Article IV. Ratifies Act of present Legislature which creates California Horse Racing Board empowered to regulate and license horse racing, horse race meetings, and wagering on results thereof by pari mutuel method conducted only by licensees within race track enclosure on racing days; basing license fees on percentage of wagering pools; classifies counties by population and regulates racing periods therein; allocates portion of net receipts for California State Fair and other fairs and expositions, Legislature apportioning balance biennially to State institutions therein mentioned or for unemployment relief