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Reply #7: It doesn't come out of the general fund [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
anigbrowl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-03-09 12:46 AM
Response to Reply #3
7. It doesn't come out of the general fund
it's bonded, voted on by the electorate and the funds are hypothecated in line with a the budget submitted to the state auditor and approved by the voters. In short, this contract has to be awarded to someone, by law. Whether it should be awarded this particular firm is open to debate, your argument about comparing with the state general fund is not.

If you don't understand CA law and the bond process, then you have no idea what you're talking about.
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  -California high speed rail commission set to award contract to group with ties to Schwarzenegger AsahinaKimi  Sep-02-09 08:48 PM   #0 
  - What a big surprise.  texanwitch   Sep-02-09 08:54 PM   #1 
  - I want to see high speed rail succeed in CA  tularetom   Sep-02-09 09:05 PM   #2 
  - chances are they are the low bidders, so it might succeed better with some other  create.peace   Sep-02-09 11:35 PM   #5 
  - so, wait... CA is broke, can't pay their bills, issuing I.O.Us, and laying off workers  ixion   Sep-02-09 09:06 PM   #3 
  - Ain't politics grand? Esp. the way the Repubs do it.  dixiegrrrrl   Sep-02-09 09:25 PM   #4 
  - Well, why don't you tell us about the CA high speed rail measure  anigbrowl   Sep-03-09 12:47 AM   #8 
  - It doesn't come out of the general fund  anigbrowl   Sep-03-09 12:46 AM   #7 
     - I know this:  ixion   Sep-03-09 05:14 AM   #9 
        - But there is good news.  dixiegrrrrl   Sep-03-09 02:48 PM   #10 
  - Steve Schmidt shows up everywhere like a bad penny  starroute   Sep-03-09 12:16 AM   #6 
 

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