$8.6B Bond Sale For Calif. Rail Project Gets Board's OK

Law360, San Diego (March 19, 2013, 10:15 PM EDT) -- The California High-Speed Rail Authority’s board of directors on Monday voted to approve a major step to secure funding for the state’s $68 billion high-speed rail project linking San Francisco to Los Angeles by allowing state officials to sell $8.6 billion in bonds.

The authority’s board voted 5-0 to approve the measure, as well as a memorandum of understanding with the Peninsula Corridor Joint Powers Board — the owner of San Francisco commuter rail Caltrain — to upgrade the rail line between San Francisco and San...
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