Bill > AB939

This bill proposes the Safe, Sustainable, Traffic-Reducing Transportation Bond Act of 2026, which would authorize the state of California to issue $20 billion in general obligation bonds to fund various transportation infrastructure and sustainability projects. The bond funds would be allocated across six key areas: $6 billion for transit capital improvements, $4 billion for intercity and regional passenger rail improvements, $3.5 billion for local street and road maintenance and active transportation projects, $3 billion for zero-emission vehicle investments (including electric and hydrogen vehicles), $2.5 billion for transportation freight infrastructure improvements (like airports, ports, and trucking depots), and $1 billion for grade separations and critical safety improvements. If approved by voters at the November 3, 2026 statewide election, the bonds would be repaid through additional annual state revenue collections. The bill creates a new fund in the State Treasury to manage the bond proceeds, establishes a finance committee to oversee bond issuance, and ensures that the bonds will be a valid and binding obligation of the State of California, backed by the state's full faith and credit. The proposed legislation builds upon a previous transportation bond act from 2006 and aims to modernize and improve California's transportation infrastructure with a focus on sustainability and safety.

Transportation and Infrastructure

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB939