Loan for Bullet Train Part of Brown's Budget

By: AP/Staff Email
By: AP/Staff Email

SACRAMENTO, Calif. (AP) - Gov. Jerry Brown's proposed budget includes a provision for a $29 million loan from the state to California's bullet train agency.

The Los Angeles Times reported Wednesday on the little-noticed item in the budget plan.

The loan to the High-Speed Rail Authority would come from state transportation project accounts.

The proposed loan follows a similar $26 million advance last year from general government revenues. That prompted some lawmakers to complain that such lending would take money away from other high-priority projects.

The rail project is mired in legal challenges.

A Sacramento judge recently blocked access to $9 billion in voter-approved bonds after finding the rail agency failed to comply with legal restrictions on the bonds.


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