According to California's Secretary of State office, the initiative is one of four that are eligible for placement on the November ballot.
A plan to divide California into three states will appear on the November ballot after the campaign received more than 600,000 signatures.
As outlined in the initiative, the new state of California would consist of Los Angeles, Ventura, Santa Barbara, San Luis Obispo, Monterey and San Benito counties. "All Californians deserve more from their state, and with Cal 3, more regional responsiveness and more meaningful results will create a promising future for everyone".
"What is of greater importance to a state than its geographic boundaries?" Those changes address numerous concerns that were raised about the fate of less prosperous states in the six-state model.
This is the third time Draper has attempted to split up the state.
The reasons for wanting to split California up?
If the measure is approved by voters, the governor will transfer the notice of state approval to Congress, which will vote to ratify the creation of the new three-state structure. The state will be voting on whether to split it up into three in November.
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Northern California would include 40 counties from Santa Cruz to the OR border, including San Francisco and Sacramento, the state's current capital. Be patient. After West Virginia split from Virginia in 1863, court cases related to the states' debts persisted for about 50 years, the state analysis said.
But Draper contends that the state needs a change and cutting it up into three parts is the solution.
Their movement died, though, after Pearl Harbor. And while California now has two US senators, the new bloc of three Californias would have six under the new proposal.
Draper was an early investor in Skype, Hotmail and Tesla, and he is a major advocate of bitcoin. But in 2012, he turned his attention to reinventing California. Supporters say the three state proposal would benefit infrastructure, education, and lower taxes.
"California government has rotted", Draper told the Mercury News in an interview last month. Congress admitted four US states that were split from an existing state: Kentucky, Maine, Vermont, and lastly West Virginia in 1863 during the Civil War.
Even still, the proposal is as radical as it is unlikely to pass.
But it probably won't come to that.