CA AB1768

Prohibits further issuance and sale of bonds for high-speed rail purposes under Proposition 1A (Safe, Reliable High-Speed Passenger Train Bond Act), except for existing appropriations for early improvement projects in the Phase 1 blended system.

Requires unspent proceeds from previously issued high-speed rail bonds to be redirected, upon legislative appropriation, toward retiring the debt incurred from those bond issuances.

Redirects remaining unissued bonds authorized under Proposition 1A to fund projects in the State Highway Operation and Protection Program instead of high-speed rail.

Makes no changes to the $950 million authorization for rail purposes other than high-speed rail under the original bond act.

Requires voter approval at the next statewide election for these modifications to take effect, as mandated by the California Constitution for changes to general obligation bond measures.