CA AB377

Requires the California High-Speed Rail Authority to include a detailed funding plan for the Merced to Bakersfield segment in its business plan due by May 1, 2026

Mandates an updated estimate of the funding gap for completing the Merced to Bakersfield segment

Requires a funding gap strategy including an itemized list of anticipated funds by source, timeline for when each funding source must be received, and estimated project delays if funding sources fail to materialize

Requires an assessment of the likelihood each proposed funding source will materialize, identification of major risks, and mitigation plans for those risks

Requires options for initiating rail service on the segment along with estimated schedules and costs for that service