Loading chat...
CA AB2703
Bill
Status
5/20/2010
Primary Sponsor
John Perez
Click for details
AI Summary
-
Allows eligible recipients of High-Speed Passenger Train Bond Act funding to apply to the California Transportation Commission and Department of Transportation for letters of no prejudice
-
Enables agencies to spend their own funds on approved rail projects and receive reimbursement from bond funds when they become available, up to the amount specified in the letter
-
Requires reimbursable expenditures to comply with state and federal laws, be made after project approval, and have sufficient bond funds available in the High-Speed Passenger Train Bond Fund
-
Authorizes the California Transportation Commission and Department of Transportation to develop implementation guidelines, using existing guidelines from the 2006 Highway Safety bond act where practicable
-
Takes effect immediately as an urgency statute to expedite transportation projects and support job retention in California
Legislative Description
Transportation: bond-funded projects: letter of no
Last Action
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on RLS.
8/3/2010