$68B Calif. Rail Plan Draws Scrutiny Over Fund Use, Conflicts

Law360, San Diego (April 10, 2012, 7:52 PM ET) -- A federal Congressional panel said Tuesday that it is opening an extensive investigation into the proposed $68.4 billion California high-speed rail project over potential conflicts of interest and how the agency supervising the plan is using federal funds.

Rep. Darrell Issa, R-Calif., who is the chairman of the House Committee on Oversight and Government Reform, sent a letter Monday to the California High Speed Rail Authority inquiring as to how the authority has spent or plans to spend the nearly $4 billion in federal taxpayer money...
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