Bill > AB377

This bill requires the California High-Speed Rail Authority to provide a comprehensive funding plan for the Merced to Bakersfield segment of the high-speed rail project as part of its business plan due by May 1, 2026. Specifically, the bill mandates that the authority include an updated estimate of the funding gap needed to complete this rail segment, along with a detailed strategy for addressing that gap. This strategy must include an itemized list of anticipated funding sources, a timeline for when each funding source must be secured, an assessment of potential project delays if funding falls through, and an evaluation of the likelihood of obtaining each proposed funding source. The bill also requires the authority to outline options for initiating service on this segment, including estimated schedules and associated costs. By requiring this level of detailed financial planning, the bill aims to increase transparency and accountability in the high-speed rail project's development, helping legislators and the public better understand the project's financial challenges and potential paths forward.

Budget and Finance, Transportation and Infrastructure

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB377