Marion County public transportation corporation.

Provides that there shall be no dedicated lanes for any portion of a public street that is located outside of the one square mile area surrounding Monument Circle at the intersection of Meridian Street and Market Street in the City of Indianapolis for the exclusive use of public transit vehicles. Provides an exception for certain rapid transit lines. Defines the term "blue line". Provides that bonds may not be used to fund a dedicated lane for any portion of a public street that is located outside of the one square mile area.