Felipe Fuentes voted Yea (Concurrence Vote) on this Legislation.
Title: High-Speed Rail Bond Amendments
Signed by Governor Arnold Schwarzenegger
Title: High-Speed Rail Bond Amendments
Vote to concur with Senate amendments and pass a bill that amends the provisions of the $9.95 billion bond measure that is to be submitted to voters during the November 2008 general election to construct a high-speed rail system, with respect to the oversight process, environmental impact report, business and funding plan, excess revenue, bond proceeds, and funding prioritization.
- Changes the designation of the proposition on the ballot from Proposition 1 to Proposition 1A [sec. 11 (b)]. - Requires that Phase 1 of the High-Speed Rail System be the construction of the corridor between San Francisco Transbay Terminal and Los Angeles Union Station and Anaheim [sec. 9 (2704.04) (b) (2)]. - Authorizes the High-Speed Rail Authority (Authority) to expend bond proceeds on other corridors as long as it does not interfere with the construction of Phase 1 [sec. (9) (2704.04) (b) (3)]. - Establishes a 10 percent cap on the use of bond proceeds for planning, engineering, and capital costs to be used for environmental studies, planning, and preliminary engineering activities [sec. 9 (2704.08) (b)]. - Requires the Authority to give priority in selecting corridors or segments for construction to those that are expected to require the least amount of total bond funds as a percentage of the total cost of construction [sec. 9 (2704.08) (f) (3)]. - Requires the Authority to submit a revised business plan to the Legislature that details the sources of funding, the primary benefits the system will provide, expected patronage, projected costs, foreseeable engineering and financial risks, and the proposed chronology for the system by September 1, 2008 (Sec. 1). - Redefines the systems northernmost corridor as the Merced to Stockton to Oakland and San Francisco via the Altamont Corridor [sec. 9 (2704.04) (b) (3) (G)]. - Requires the initiation of construction of the high-speed train system to be consistent with the Authority's environmental impact report of November 2005, as opposed to the final business plan of June 2000 [sec. 9 (2704.04) (a)]. - Requires the excess revenue from the operation of the high-speed train system to be used for finance construction, expansion, improvement, replacement, and rehabilitation of the system [sec. 9 (2704.04) (b) (5)]. - Requires the Authority to establish an independent peer review group to review the planning, engineering, financing, and financial viability of the plan. The peer review group will consist of [sec. 2 (185035) (a-c)]:
NOTE: AN URGENCY CLAUSE REQUIRES A 2/3 MAJORITY VOTE FOR PASSAGE IN THE HOUSE AND IMMEDIATELY PUTS THE BILL INTO EFFECT UPON THE GOVERNOR'S SIGNATURE.
Title: High-Speed Rail Bond Amendments
Vote to pass a bill that amends the provisions of the $9.95 billion bond measure that is to be submitted to voters at the November 2008 general election to construct a high-speed rail system, with respect to the oversight process, environmental impact report, business and funding plan, excess revenue, bond proceeds, and funding prioritization.
- Changes the designation of the proposition on the ballot from Proposition 1 to Proposition 1A [sec. 11 (b)]. - Requires that Phase 1 of the High-Speed Rail System be the construction of the corridor between San Francisco Transbay Terminal and Los Angeles Union Station and Anaheim [sec. 9 (2704.04) (b) (2)]. - Authorizes the High-Speed Rail Authority (Authority) to expend bond proceeds on other corridors as long as it does not interfere with the construction of Phase 1 [sec. (9) (2704.04) (b) (3)]. - Establishes a 10 percent cap on the use of bond proceeds for planning, engineering, and capital costs to be used for environmental studies, planning, and preliminary engineering activities [sec. 9 (2704.08) (b)]. - Requires the Authority to give priority in selecting corridors or segments for construction to those that are expected to require the least amount of total bond funds as a percentage of the total cost of construction [sec. 9 (2704.08) (f) (3)]. - Requires the Authority to submit a revised business plan to the Legislature that details the sources of funding, the primary benefits the system will provide, expected patronage, projected costs, foreseeable engineering and financial risks, and the proposed chronology for the system by September 1, 2008 (Sec. 1). - Redefines the systems northernmost corridor as the Merced to Stockton to Oakland and San Francisco via the Altamont Corridor [sec. 9 (2704.04) (b) (3) (G)]. - Requires the initiation of construction of the high-speed train system to be consistent with the Authority's environmental impact report of November 2005, as opposed to the final business plan of June 2000 [sec. 9 (2704.04) (a)]. - Requires the excess revenue from the operation of the high-speed train system to be used for finance construction, expansion, improvement, replacement, and rehabilitation of the system [sec. 9 (2704.04) (b) (5)]. - Requires the Authority to establish an independent peer review group to review the planning, engineering, financing, and financial viability of the plan. The peer review group will consist of [sec. 2 (185035) (a-c)]:
NOTE: A BILL WITH AN URGENCY CLAUSE REQUIRES A TWO-THIRDS VOTE OF EACH CHAMBER OF THE LEGISLATURE FOR THE CLAUSE TO PASS. IF PASSED, THE BILL GOES INTO EFFECT IMMEDIATELY UPON ENACTMENT.
Title: High-Speed Rail Bond Amendments
Vote to pass a bill that amends the provisions of the $9.95 billion high-speed rail system bond measure that is to be submitted to voters at the November, 2008 general election, with respect to the environmental impact report, business plan, excess revenue, bond proceeds, and funding prioritization.
- Requires the initiation of construction of the high-speed train system to be consistent with the High-Speed Rail Authority's environmental impact report of November 2005, as opposed to the final business plan of June 2000 [sec. 2 (a)]. - Extends funding to the Altamont Corridor connecting Central Valley to the East Bay [sec. 2 (b) (1)]. - Requires excess revenue from the operation of the high-speed train system to be used to finance construction of the high-speed train system, and any remaining revenue to be deposited into the General Fund [sec. 2 (b) (3)]. - Requires that no more than 10 percent of bond proceeds be used for environmental studies, planning, and preliminary engineering activities [sec. 4 (b)]. - Requires the Authority to have a detailed funding plan for each segment of the system that identifies the full cost of construction and the sources of revenues for that segment [sec. 4 (c)]. - Requires the Authority to give priority in selecting segments for construction to those that are expected to require the least amount of total bond funds as a percentage of the total cost of construction [sec. 4 (d)].
NOTE: AN URGENCY CLAUSE REQUIRES A 2/3 MAJORITY VOTE FOR PASSAGE IN THE HOUSE AND IMMEDIATELY PUTS THE BILL INTO EFFECT UPON THE GOVERNOR'S SIGNATURE.
Title: High-Speed Rail Bond Amendments