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Voters approve debt-limits amendment, reject advisories

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SEATTLE — Voters approved a constitutional amendment that places new limits on state debt and rejected another that would allow state research universities to invest reserve funds in private companies or stocks. Voters gave a thumbs down in two nonbinding advisory votes on state laws passed earlier this year. One law extended a petroleum tax that goes into the state pollution-liability-insurance trust account, and another removed a tax break for certain large banks.

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