BILL ANALYSIS                                                                                                                                                                                                    



                                                                    AB 2620


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          Date of Hearing:  May 4, 2016


                        ASSEMBLY COMMITTEE ON APPROPRIATIONS


                               Lorena Gonzalez, Chair


          AB  
          2620 (Dababneh) - As Amended April 11, 2016


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          Urgency:  No  State Mandated Local Program:  NoReimbursable:  No


          SUMMARY:


          This bill authorizes the California Transportation Commission  
          (CTC), if all funds from the Proposition 116 (1990) program not  
          encumbered or expended by July 1, 2020, to reallocate those  
          funds for other existing passenger rail projects with existing  








                                                                    AB 2620


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          rail service.


          FISCAL EFFECT:


          No additional state costs, as any bond funds remaining after  
          July1, 2020, will be allocated to other passenger rail projects.  



          COMMENTS:


          Purpose. Proposition 116, which was approved by voters in 1990,  
          authorized $1.99 billion in general obligation bonds for a  
          variety of intercity passenger rail, commuter rail, transit and  
          other projects. In its 2015 annual report to the Legislature,  
          the CTC indicated that the most recent allocation of funds from  
          the program occurred in 2014-15, and that, as of June 30, 2015,  
          only $12.7 million remains unallocated. The CTC urged the  
          Legislature to sunset the program. 


          The CTC is working with the remaining local agencies on their  
          programmed projects to try to finalize any allocations.  AB 2620  
          allows the CTC to continue this process until 2020 before any  
          reallocation would occur. 


          Analysis Prepared by:Chuck Nicol / APPR. / (916)  
          319-2081















                                                                    AB 2620


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