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High Speed Rail Authority Tries to Get Back on Track

 
High Speed Rail Authority Tries to Get Back on Track
Posted Friday, December 6th 2013 @ 7am  by KFBK News

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 yesterday to re-file an action seeking permission to sell the bonds voters approved in 2008.

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