BILL ANALYSIS Ó
SENATE COMMITTEE ON APPROPRIATIONS
Senator Ricardo Lara, Chair
2015 - 2016 Regular Session
AB 1889 (Mullin) - High-Speed Rail Authority: high-speed train
operation
-----------------------------------------------------------------
| |
| |
| |
-----------------------------------------------------------------
|--------------------------------+--------------------------------|
| | |
|Version: August 1, 2016 |Policy Vote: T. & H. 6 - 4 |
| | |
|--------------------------------+--------------------------------|
| | |
|Urgency: No |Mandate: No |
| | |
|--------------------------------+--------------------------------|
| | |
|Hearing Date: August 11, 2016 |Consultant: Mark McKenzie |
| | |
-----------------------------------------------------------------
*********** ANALYSIS ADDENDUM - SUSPENSE FILE ***********
The following information is revised to reflect amendments
adopted by the committee on August 11, 2016
Bill
Summary: AB 1889 would explicitly allow for the expenditure of
specified bond proceeds on a high-speed rail corridor or usable
segment if the project would enable high-speed trains to operate
either immediately or after additional planned investments are
made.
Fiscal
Impact:
Potential accelerated expenditure of $1.1 billion in
previously-appropriated bond funds, relative to current law
(High-Speed Passenger Train Bond Fund). This bill would
AB 1889 (Mullin) Page 1 of
?
explicitly allow for expenditure of bond funds in the
near-term for projects that benefit passenger train service
without providing all necessary funding for investments in a
usable segment that would be necessary for the immediate
operation of high-speed trains. Absent the bill, these funds
may not be available for project expenditures prior to the
expiration of the June 30, 2018 encumbrance limitation tied to
the previous appropriation of bond funds.
Author
Amendments: Make several technical and clarifying changes to
the bill. Specifically this bill would:
Clarify that investments in the bookends are consistent with
Proposition 1A and the definition of the system, as specified
in SB 1029 (Budget and Fiscal Review Committee), Chap.
152/2012.
Explicitly specify that the bond proceeds referenced in the
bill are those appropriated by SB 1029.
Add co-authors and make several technical changes.
-- END --