LOS ANGELES — The California High-Speed Rail Authority approved two funding plans Tuesday that will clear the way for it to sell $4.7 billion in bonds for construction projects in the Central Valley and on the San Francisco Peninsula.

Board members approved funding plans for the Central Valley and San Francisco-San Jose segments at their meeting in Sacramento. They also authorized issuance of a request for qualifications from prospective train-operating companies for the bullet train system between the Central Valley and San Francisco area.

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