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Sunday, December 6, 2009

Sacramento Press / Prop. 1B money sought for tracks


Sacramento Press / Prop. 1B money sought for tracks:

"The city of Sacramento is about to ask the state of California to make good on its promise to award at least $20 million for railroad track relocation so work can start by May.

Unable to sell as many bonds as expected, the state has not disbursed $20 million in trade corridor funds that was awarded last year under state Proposition 1B. Next week, the city will ask the California Transportation Commission to borrow $25 million against the bond money, said Linda Tucker, spokesperson for the city's Department of Transportation.

'We've got to get this going,' she said Friday, when the city announced it had met a Dec. 1 deadline for another $20 million in federal stimulus funding."