BILL NUMBER: AB 1123INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Harkey FEBRUARY 18, 2011 An act to relating to state projects. LEGISLATIVE COUNSEL'S DIGEST AB 1123, as introduced, Harkey. State projects: risk analysis. Existing law provides for the funding, operation, and administration of state projects relating to varied state and local activities. This bill would declare the intent of the Legislature to enact legislation requiring that a risk analysis be undertaken for any state-funded project costing $500,000,000 or more. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. It is the intent of the Legislature to enact legislation that requires a risk analysis to be undertaken for any state-funded project costing five hundred million dollars ($500,000,000) or more.