CA AB2121

Requires the High-Speed Rail Authority to annually adopt and submit a 6-year high-speed train program to legislative committee chairs by October 1 each year, covering capital improvement projects expected to require appropriation.

Mandates the 6-year program specify expenditure amounts and years for permits, environmental studies, plans, right-of-way acquisition, and construction activities for each segment.

Requires the authority to submit an annual report to legislative committee chairs by December 1 containing progress descriptions, baseline and projected budgets, expenditures, schedule comparisons, and achieved milestones for each high-speed train segment.

Mandates the annual report include a detailed financial plan describing taxes, fees, bonds, or other indebtedness needed to fund construction of the high-speed train network.