California State Assembly Approves California High-Speed Rail Legislation
SACRAMENTO, Calif. — The California State Assembly has approved legislation that improves the existing California High Speed Train Bond Act by strengthening provisions for financial controls, environmental findings and construction implementation, officials said. The legislation was approved by a 60-3 margin. The technical amendments in the bill clarify construction and financing requirements for the $9.95 billion dollar bond measure, which will be on the November 2008 statewide ballot. The bill also prioritizes construction segments based on financial readiness and ability to leverage local, federal, and private funds. Prior to passage on the Assembly floor, two Assembly committees, Assembly Transportation and