Bill Text: CA AB2847 | 2015-2016 | Regular Session | Enrolled
Bill Title: High-Speed Rail Authority: reports.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Vetoed) 2016-09-28 - Vetoed by Governor. [AB2847 Detail]
Download: California-2015-AB2847-Enrolled.html
BILL NUMBER: AB 2847 ENROLLED
BILL TEXT
PASSED THE SENATE AUGUST 15, 2016
PASSED THE ASSEMBLY AUGUST 22, 2016
AMENDED IN SENATE MAY 23, 2016
AMENDED IN ASSEMBLY APRIL 11, 2016
AMENDED IN ASSEMBLY APRIL 4, 2016
INTRODUCED BY Assembly Member Patterson
(Principal coauthor: Assembly Member Wilk)
FEBRUARY 19, 2016
An act to amend Section 185033 of, and to add Section 185033.6 to,
the Public Utilities Code, relating to high-speed rail.
LEGISLATIVE COUNSEL'S DIGEST
AB 2847, Patterson. High-Speed Rail Authority: reports.
Existing law, the California High-Speed Rail Act, creates the
High-Speed Rail Authority to develop and implement a high-speed rail
system in the state, with specified powers and duties. Existing law
requires the authority, on a biennial basis, to prepare a business
plan containing specified elements and also requires the preparation
of various other reports.
This bill would require the business plan to identify projected
financing costs for each segment or combination of segments of the
high-speed rail system, if financing is proposed by the authority.
The bill, in the business plan and in another report, would require
the authority to identify any significant changes in scope for
segments of the high-speed rail system identified in the previous
version of each report and to provide an explanation of adjustments
in cost and schedule attributable to the changes.
THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:
SECTION 1. Section 185033 of the Public Utilities Code is amended
to read:
185033. (a) The authority shall prepare, publish, adopt, and
submit to the Legislature, not later than May 1, 2014, and every two
years thereafter, a business plan. At least 60 days prior to the
publication of the plan, the authority shall publish a draft business
plan for public review and comment. The draft plan shall also be
submitted to the Senate Committee on Transportation and Housing, the
Assembly Committee on Transportation, the Senate Committee on Budget
and Fiscal Review, and the Assembly Committee on Budget.
(b) (1) The business plan shall include, but need not be limited
to, all of the following elements:
(A) A description of the type of service the authority is
developing and the proposed chronology for the construction of the
statewide high-speed rail system, and the estimated capital costs for
each segment or combination of segments.
(B) Projected financing costs, if financing is proposed for a
segment or combination of segments.
(C) A forecast of the expected patronage, service levels, and
operating and maintenance costs for the Phase 1 corridor as
identified in paragraph (2) of subdivision (b) of Section 2704.04 of
the Streets and Highways Code and by each segment or combination of
segments for which a project level environmental analysis is being
prepared for Phase 1. The forecast shall assume a high, medium, and
low level of patronage and a realistic operating planning scenario
for each level of service.
(D) Alternative financial scenarios for different levels of
service, based on the patronage forecast in subparagraph (C), and the
operating break-even points for each alternative. Each scenario
shall assume the terms of subparagraph (J) of paragraph (2) of
subdivision (c) of Section 2704.08 of the Streets and Highways Code.
(E) The expected schedule for completing environmental review, and
initiating and completing construction for each segment or
combination of segments of Phase 1.
(F) An estimate and description of the total anticipated federal,
state, local, and other funds the authority intends to access to fund
the construction and operation of the system, and the level of
confidence for obtaining each type of funding.
(G) Any written agreements with public or private entities to fund
components of the high-speed rail system, including stations and
terminals, and any impediments to the completion of the system.
(H) Alternative public-private development strategies for the
implementation of Phase 1.
(I) A discussion of all reasonably foreseeable risks the project
may encounter, including, but not limited to, risks associated with
the project's finances, patronage, right-of-way acquisition,
environmental clearances, construction, equipment, and technology,
and other risks associated with the project's development. The plan
shall describe the authority's strategies, processes, or other
actions it intends to utilize to manage those risks.
(2) To the extent feasible, the business plan should draw upon
information and material developed according to other requirements,
including, but not limited to, the preappropriation review process
and the preexpenditure review process in the Safe, Reliable
High-Speed Passenger Train Bond Act for the 21st Century pursuant to
Section 2704.08 of the Streets and Highways Code. The authority shall
hold at least one public hearing on the business plan and shall
adopt the plan at a regularly scheduled meeting. When adopting the
plan, the authority shall take into consideration comments from the
public hearing and written comments that it receives in that regard,
and any hearings that the Legislature may hold prior to adoption of
the plan.
SEC. 2. Section 185033.6 is added to the Public Utilities Code, to
read:
185033.6. The authority, in each report prepared pursuant to
Sections 185033 and 185033.5, shall identify any significant changes
in scope for segments identified in the previous version of each
report and shall provide an explanation of adjustments in cost and
schedule attributable to those changes.
