High-speed rail ruling threatens billions in funding

This image provided by the California High Speed Rail Authority shows an artist's rendering of a high-speed train station. California's ambitious bullet train project is picking up momentum thanks to the $8 billion set aside for high-speed rail development in the economic stimulus package signed into law this week. The state is aggressively going after federal funding for the 800-mile high-speed rail system as it vies with a dozen designated high-speed rail corridors across the nation for a share of the money. (AP Photo/California High Speed Rail Authority)

November 29, 2013 5:31:44 AM PST
A Sacramento judge's ruling that put the brakes on California's bullet train bonds also threatens to derail billions more in federal funding.

A Sacramento County superior court judge ruled Monday the state cannot sell $10 billion worth of voter-approved bonds to construct the high-speed rail system.

The judge ordered the state to re-do its entire $68 billion spending plan before construction can continue.

ABC7 News media partner The San Jose Mercury News reports it also sidetracks more than $3 billion in federal money because there are no longer any required state matching funds.