Loan for bullet train part of Brown's budget plan

Jan 23, 2014 12:02 PM

SACRAMENTO, Calif. (AP) — Gov. Jerry Brown's proposed budget includes a provision for a $29 million loan from the state to California's bullet train agency.

The Los Angeles Times reported Wednesday ( ) on the little-noticed item in the budget plan.

The loan to the High-Speed Rail Authority would come from state transportation project accounts.

The proposed loan follows a similar $26 million advance last year from general government revenues. That prompted some lawmakers to complain that such lending would take money away from other high-priority projects.

The rail project is mired in legal challenges.

A Sacramento judge recently blocked access to $9 billion in voter-approved bonds after finding the rail agency failed to comply with legal restrictions on the bonds.


Information from: Los Angeles Times,


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