A state of California finance committee put off a decision on issuing $300 million in tax-exempt bonds to the Virgin Trains USA high-speed rail project, the Las Vegas Review-Journal reports.
The California Debt Limit Allocation Committee has scheduled the vote for their Feb. 12 meeting, saying they needed to learn a little more and citing the review of the project’s final environmental impact statement by the Federal Railroad Administration.
The FRA approved plans for the project in 2011, but when Virgin Trains took over they made some modifications, so the federal agency needs to take another look.