Enviro Challenges Loom Over Funding Bid For $68B Rail Plan

Law360, San Diego (January 08, 2014, 10:33 PM ET) -- Gov. Jerry Brown’s expected budget proposal to use $250 million from cap-and-trade proceeds for California’s $68.4 billion high-speed rail project signals that the governor is scrambling to scrape together funds for the troubled plan, but the move could trigger new legal attacks against the project by environmental groups, according to experts.

The governor is set to release the state budget for the upcoming fiscal year this week. His plan is expected to include a proposal to tap proceeds from the cap-and-trade program — implemented as part...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers