California High Speed Rail Officials Respond To Setbacks
Thursday, December 5, 2013
The board that oversees California's embattled high-speed rail project is responding to recent legal and administrative setbacks and says it will file a new motion seeking blanket authority to sell $8.6 billion in state bonds.
That decision comes after a judge blocked the sale of the bonds last week.
Board Chairman Dan Richard says members agreed Thursday to refile a so-called validation action seeking permission to sell the bonds voters approved in 2008.
Richard says the judge indicated the California High-Speed Rail Authority did not include enough details in its request, so the easiest thing to do is "to go back and put more information on the record."
Board members also were meeting in closed session to discuss the other rulings by the Sacramento County Superior Court judge, who ordered a new business plan and environmental approvals for the first 300 miles of the $68 billion project.
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