Or. Rev. Stat. § 267.334 – Electoral approval for issuance of general obligation bonds by Tri-Met to fund extension of light rail

(1) If the line extending Tri-Met’s regional light rail system north from Clackamas County, Oregon, is not part of a phased project that will serve both the Portland metropolitan region and Clark County, Washington, then prior to the issuance by Tri-Met of any general obligation bonds to fund its share of the line extending Tri-Met’s regional light rail system north from Clackamas County, Oregon, Tri-Met shall submit to its electors the question of the issuance of such general obligation bonds.
(2) As used in this section:
1. (a) “Portland metropolitan region” means the area within the urban growth boundary established by Metro as that boundary existed on July 1, 1995.
2. (b) “Metro” means the metropolitan service district created under ORS chapter 268 and exercising home rule charter powers.
3. (c) “Tri-Met” means the Tri-County Metropolitan Transportation District of Oregon, a mass transit district created under ORS chapter 267.

Note: 267.334 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 267 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.

[Formerly 197.587]