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 --