Attorney General File #: 2012-010
Stop the $100 Billion Bullet Train to Nowhere Act
April 25, 2012
This measure prevents the further issuance and sale of Proposition 1A bonds for the construction of high-speed rail and improvements to existing passenger rail services. In addition, the measure states that any unspent bond proceeds shall be used to pay back the outstanding debt from the issuance and sale of Proposition 1A bonds. The measure also specifies that the state shall not accept or use any federal funds, provide or use any state funds, or accept any local funds for the construction or operation of the high-speed rail project authorized by Proposition 1A.