BILL NUMBER: SB 22	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator La Malfa

                        DECEMBER 6, 2010

   An act relating to high-speed rail.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 22, as introduced, La Malfa. High-speed rail.
   Existing law, the California High-Speed Rail Act, creates the
High-Speed Rail Authority to develop and implement a high-speed rail
system in the state, with specified powers and duties. Existing law,
pursuant to the Safe, Reliable High-Speed Passenger Train Bond Act
for the 21st Century, provides for the issuance of $9.95 billion in
general obligation bonds for high-speed rail and related purposes.
   This bill would state the intent of the Legislature to reexamine
the bond funding mechanism of the authority relative to the authority'
s high-speed rail project.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  It is the intent of the Legislature to reexamine the
bond funding mechanism relative to the High-Speed Rail Authority and
the authority's high-speed rail project.