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House Committee Opens Probe of California Rail Authority

April 10 (Bloomberg) -- The House Committee on Oversight and Government Reform said it is examining California High Speed Rail Authority operations and use of federal funds.

“Of particular concern to the committee is how CHSRA has already spent or plans to spend the nearly $4 billion in federal taxpayer money already authorized for its high-speed rail project,” the committee said today in a statement.

Chairman Darrell Issa has requested current and former board members -- as well as current and former executive leadership -- preserve documents, records and communications, according to the statement.

To contact the editor responsible for this story: Will Daley at wdaley2@bloomberg.net

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