Greenhouse Gas Reduction Fund: funding conditions: high-speed rail.
Vote required
Two Thirds
Fiscal committee
No
Appropriation
No
Current location
Appropriations
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill modifies how funds from the Greenhouse Gas Reduction Fund can be used by the High-Speed Rail Authority. It allows the authority to allocate funds for activities beyond the Merced to Bakersfield segment, specifically for early works, public-private partnerships, and projects developed through public partnerships, subject to certain conditions. The bill aims to improve project efficiency and ensure that funding doesn't delay the completion of the core high-speed rail segment.
Key provisions
- Allows the High-Speed Rail Authority to use Greenhouse Gas Reduction Fund money for activities outside the Merced to Bakersfield segment.
- Specifically authorizes funding for early works, public-private partnerships, and public partnership projects.
- Requires that any new funding commitments outside the core segment maximize project efficiency and not delay its completion.
- Establishes a process for the High-Speed Rail Authority Office of the Inspector General to review and approve projects outside the core segment.
- Requires notification to the Legislature regarding grant applications and proposed projects.
- Sets a deadline of June 30, 2030, or full Merced to Bakersfield segment funding, for the current restrictions on funding outside the core segment.
- Requires the High-Speed Rail Authority to inform the Legislature when the Merced to Bakersfield segment is fully funded.
Who is affected
Bill text
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