State

July 31, 2014

Fresno Bee: Appeals court approves bond sale for high-speed rail

The Third District Court of Appeal in Sacramento has cleared the way for the sale of bonds for California's controversial high-speed rail project, overturning a lower court ruling that blocked the state from issuing the bonds.

The Third District Court of Appeal in Sacramento has cleared the way for the sale of bonds for California's controversial high-speed rail project, overturning a lower court ruling that blocked the state from issuing the bonds.

The court issued its opinion late Thursday afternoon.

In their ruling Thursday, justices Vance W. Raye, Ronald B. Robie and M. Kathleen Butz ordered Sacramento County Superior Court Judge Michael Kenny to enter a judgment validating the issuance of bonds from Prop. 1A, a $9.9 billion high-speed rail bond measure approved by California voters in 2008.

Read more at The Fresno Bee.

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