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Measure 32
Certified Ballot Title
November 5, 1996 General Election
TRANSPORTATION PROJECTS ELSEWHERE
RESULT OF "YES" VOTE: "Yes" vote authorizes
lottery bonds for Portland area light rail, transportation projects
outside Portland area.
RESULT OF "NO" VOTE: "No" vote rejects
lottery bonds for Portland area light rail, transportation projects
outside Portland area.
SUMMARY: Measure permits state to issue lottery revenue
bonds to fund $375 million of state's share of cost to build Tri-Met
Portland area "South North light rail," and to fund
$115 million of $375 million "Transportation Equity Account."
Establishes "Transportation Equity Account," payable
to cities and counties for transportation projects outside Portland
region, funded by lottery bonds, general fund, and other sources.
Unobligated net revenues from lottery repay bonds. Bonds cannot
be sold unless federal light rail matching funds become available.
Other provisions.