Judge blocks use of state bond money for California bullet train [View all]
Source: LA Times
In a major legal blow to the California bullet train, a Sacramento judge ruled Monday that the project cannot tap bonds that voters approved for construction, a decision that could cause indefinite future delays.
Superior Court Judge Michael Kenny issued two decisions Monday, both of them based on findings that the state made key errors and failed to comply with voter-approved requirements as they moved the project toward a long-awaited groundbreaking.
The decisions do not immediately stop the project, but they could sharply curtail the state’s ability to pay for the high-speed rail system in the future.
Construction of the Los Angeles-to-San Francisco train, more than a year behind schedule, was most recently slated to begin in the second quarter of 2014. The state still could start construction, though as a result of Kenny's rulings officials wouldn't have access to nearly $9 billion in rail bonds approved by voters in 2008.
Read more: http://www.latimes.com/local/lanow/la-me-ln-judge-blocks-state-funding-bullet-train-20131125,0,725258.story
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