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Measure 32
Certified Ballot Title
November 5, 1996 General Election

AUTHORIZES BONDS FOR PORTLAND AREA LIGHT RAIL,
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.

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Elections Division, Oregon Secretary of State • 136 State Capitol • Salem, OR 97310-0722