SACRAMENTO (CBS SF) – California Senator Dianne Feinstein is urging Governor Jerry Brown to roll the High-Speed Rail Authority under a state agency like the California Department of Transportation.

Last week, a state peer review group refused to release bond money for the project because of concerns for financial risk.

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“There doesn’t appear to be any dollars out there to get this program to a point where it can really take off,” said former Caltrans head Will Kempton, who now chairs the review group.

KCBS’ Holly Quan Reports:

The money was supposed to be matched by $3.5 billion in federal money, which has Senator Feinstein concerned. As a longtime proponent of high speed rail, she doesn’t want to see that money lost.

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Feinstein sent a letter to Governor Brown urging him to roll the Authority in under a state agency like Caltrans, whose expertise and resources could help put funding back on track.

Rail Authority Chair Tom Umberg said he supports a reorganization if it offers additional support.

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