STATE RAIL BONDS

Proposition 108 Proposition 108 was passed by the voters in June 1990 authorizing the State to sell $1 billion in general obligation bonds to provide funds for rail capital outlay. Eligible projects must be located on routes and corridors specified in the measure, of future statutes enacted by the Legislature with at least 15 percent of the total bond funds to be spent for inter-city rail. Proposition 116 Proposition 116 was passed by voters in June 1990 authorizing the state to sell $1 billion in general obligation bonds to provide funds for mostly rail capital outlay allocating certain amounts to specified state and local entities through a grant program administered by the California Transportation Commission. Funds are used primarily for passenger and commuter rail systems, with limited funds available for public mass transit guideways, paratransit vehicles, bicycle and ferry facilities, and railroad technology museums. This program requires matching funds from local entities.

Post navigation