AB 377 amends the California High-Speed Rail Act by requiring the High-Speed Rail Authority (HSRA) to provide a detailed funding plan for the Merced to Bakersfield segment in its biennial business plan due by May 1, 2026. The funding plan must include an updated estimate of the financial gap required to complete the segment, along with a strategy to address this gap. This measure aims to ensure transparency and accountability in the development of the high-speed rail project and provides a clear framework for securing the necessary resources to move forward with the Merced to Bakersfield segment, as recommended by the Legislative Analyst’s Office (LAO).
Status: Introduced