Re: Another BART outrage

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Article #177

#177

From: Hatunen
Date: Sat, 13 Aug 2005 20:32

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On 13 Aug 2005 09:20:32 -0700, chobbs@socal.rr.com wrote:

>
>Merritt Mullen wrote:
>> Another example of BART always having billions for expansion, but not the
>> millions needed for operation.
>
>Capital and operations funds often come out of different "pots" and
>are not interchangeable. Nothing new.

An organization like BART doesn't normally actually have the
funds for capital improvements. It usually has to float bonds for
such improvements, i.e., borrow the money, and a condition of the
funding for the bonds is that the bond money only be used for
capital improvements.

    ************* DAVE HATUNEN (hatunen@cox.net) *************
    *       Tucson Arizona, out where the cacti grow         *
    * My typos & mispellings are intentional copyright traps *

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From: Hatunen <hatuunen@cox.net>
Newsgroups: la.transportation,ba.transportation
Subject: Re: Another BART outrage
Organization: As little as possible
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