Add to ORKGGREYHOUND DOG RACING. INITIATIVE STATUTE. Establishes California Greyhound Racing Commission to license and regulate the conduct of greyhound races by qualified greyhound racing associations. Applicants for a first license shall pay a fifty thousand-dollar non-refundable application fee. Once issued, licenses shall automatically be renewable for three-year periods unless revoked for just cause. The pari-mutuel method of wagering shall be permitted on greyhound races. A specified percentage of proceeds from pari-mutuel wagering shall be deposited in a Greyhound Racing Fund in the State Treasury, which fund shall be available for specified public purposes when appropriated by the Legislature. Financial impact: Indeterminable