BILL NUMBER: AB 1092INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Bonnie Lowenthal FEBRUARY 18, 2011 An act to add Section 185032.1 to the Public Utilities Code, relating to high-speed rail. LEGISLATIVE COUNSEL'S DIGEST AB 1092, as introduced, Bonnie Lowenthal. High-speed rail. 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, pursuant to the Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century, approved by the voters as Proposition 1A at the November 4, 2008, general election, provides for the issuance of $9.95 billion in general obligation bonds for high-speed rail and related purposes. This bill would require the authority to report bianually to the Legislature beginning March 1, 2012, on the status of the project, including overall progress, the project budget, expenditures to date, a comparison of the current and project work schedule and the baseline schedule contained in the 2009 business plan, project milestones, and other related issues. Vote: majority. Appropriation: no. Fiscal committee: yes. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 185032.1 is added to the Public Utilities Code, to read: 185032.1. (a) Commencing March 1, 2012, and biannually thereafter, the authority shall provide a report 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 on the development and implementation of intercity high-speed train service pursuant to Section 185030. (b) The report, at a minimum, shall include a programwide summary, as well as details by project segment, with all information necessary to clearly describe the status of the project, including, but not limited to, all of the following: (1) A summary describing the overall progress of the project. (2) The baseline budget for all project phase costs, by segment or contract, beginning with the 2009 business plan. (3) The current and projected budget, by segment or contract, for all project phase costs. (4) Expenditures to date, by segment or contract, for all project phase costs. (5) A comparison of the current and projected work schedule and the baseline schedule contained in the 2009 business plan. (6) A summary of milestones achieved during the prior year and milestones expected to be reached in the coming year. (7) Any issues identified during the prior year and actions taken to address those issues. (8) A thorough discussion of various risks to the project and steps taken to mitigate those risks.