Bill > SB545

This bill requires the Office of Land Use and Climate Innovation to commission a comprehensive study on economic opportunities related to California's high-speed rail project by January 1, 2027, with a final report due by January 1, 2028. The study will explore various strategies to maximize economic and community benefits along the high-speed rail corridor, including assessing funding mechanisms, development opportunities, community benefits, public-private partnerships, and potential federal funding. The bill specifically directs the study to examine opportunities such as infrastructure financing, land development near stations, goods movement, and revenue-generating land uses. Additionally, the bill mandates that any infrastructure district financing the high-speed rail project must dedicate a majority of its revenue to infrastructure projects within the jurisdiction of the local agencies that establish the district. The bill provides context about California's leadership in climate innovation, economic significance, and the broader goals of the high-speed rail project, which aims to create jobs, reduce carbon emissions, and support sustainable transportation infrastructure.

Budget and Finance, Government Affairs, Transportation and Infrastructure

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB545