Bond Sales For $68B Rail Plan Should Halt, Lawmaker Says

Law360, San Diego (January 13, 2014, 10:35 PM EST) -- A Republican California lawmaker on Friday proposed a ballot measure seeking to halt the sale of bonds for the state’s $68.4 billion high-speed rail plan.

State Assemblyman Jeff Gorell, R-Camarillo, filed the proposal with the California attorney general’s office to have it qualify for the November ballot, but he will still need to collect 504,760 signatures to do so.

The measure aims to ask voters, who in 2008 cleared the way for the state to issue nearly $10 billion in bonds for construction of the rail...
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