Calif. Gov.'s Budget Seeks $29M Loan For High-Speed Rail

Law360, New York (January 23, 2014, 1:41 PM EST) -- California Gov. Jerry Brown's budget proposal released this month includes a $29 million loan to keep alive a controversial $68.4 billion high-speed rail project despite calls from some state lawmakers to drop the project due to its expense.

The governor's proposed 2014-2015 budget includes a program change to the transportation section allowing for a loan of up to $29.3 million from the Public Transportation Account, State Transportation Fund to fund operations for the high-speed rail project, as first reported by the Los Angeles Times.

The loan...
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