California AB377 requires the High-Speed Rail Authority to include a detailed funding plan for the Merced to Bakersfield segment in its business plan.

California AB377 mandates that the High-Speed Rail Authority, as part of its business plan due by May 1, 2026, provide a detailed funding plan for the Merced to Bakersfield segment. This plan must include an updated estimate of the funding gap, a strategy for addressing the gap, a timeline for receiving funds, an assessment of risks and mitigation plans for each funding source, and options for initiating service on the segment. The bill ensures that the funding plan is comprehensive and addresses potential delays and risks associated with the segment's completion.

California AB377 requires the High-Speed Rail Authority to include a detailed funding plan for the Merced to Bakersfield segment in its business plan.

California AB377 mandates that the High-Speed Rail Authority, as part of its business plan due by May 1, 2026, provide a detailed funding plan for the Merced to Bakersfield segment. This plan must include an updated estimate of the funding gap, a strategy for addressing the gap, a timeline for receiving funds, an assessment of risks and mitigation plans for each funding source, and options for initiating service on the segment. The bill ensures that the funding plan is comprehensive and addresses potential delays and risks associated with the segment's completion.