The Initiative

Here is the filing from the Arizona Secretary of State's website, the deadline is July 3 to collect 153,365 signatures:

I-24-2008 Transportation and Infrastructure Moving Arizona's Economy ("TIME") Act
T.I.M.E. Initiative
1001 North 1st Street
Phoenix, AZ 85004
602-256-9109
Martin L. Shultz, Applicant 602-250-2866
J. D Pruitt, Chairman 480-293-3000

The T.I.M.E. Initiative will reduce congestion, offer modern transportation choices and preserve our spectacular open spaces by upgrading Arizona's statewide transportation system. The Initiative builds needed highways, freeways and roads; creates rail options for commuters and travelers; and protects our enviroment by creating better bike paths, walkways, and safer school routes. The plan imposes strict performance and accountability measures to ensure that money is being used efficiently and that the projects improve quality of life in tangible ways. These improvements to our transportation system are funded through a one cent adjustment to our statewide sales tax over 30 years.
Click here for full text of initiative: PDF