CA AB1639

Prohibits appropriation of cap-and-trade auction revenues from the Greenhouse Gas Reduction Fund for purposes of the high-speed rail system.

Adds Section 39712.1 to the Health and Safety Code to implement the cap-and-trade revenue restriction for high-speed rail.

Includes legislative findings that the high-speed rail system will not be operational until 2022, missing the 2020 statutory target for greenhouse gas reductions, and will generate 30,000 metric tons of construction-related emissions.

Declares it is not appropriate to allocate cap-and-trade revenues to high-speed rail based on the Legislative Analyst's Office conclusion that doing so may not maximize greenhouse gas reductions.