California Public Utilities Code

§ 99684

PUC § 99684Div. 10 · Part 11.5 · Ch. 5

Statute text

(a)All funds allocated to an agency pursuant to this part shall be programmed, encumbered, obligated, or spent prior to July 1, 2000, unless economically infeasible. If funds allocated to an agency pursuant to this part are not expended or encumbered prior to July 1, 2000, the Legislature may, by a statute passed in each house by a two-thirds vote, reallocate those funds for another rail project within that agency’s jurisdiction.

(b)If any of the funds are not expended or encumbered prior to July 1, 2010, the Legislature may, in the same manner, reallocate the funds for any other passenger rail project in the state.

(c)In the case of funds allocated to the department, the reallocation shall be for a state-sponsored passenger rail project.

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Legislative history

Added June 5, 1990, by initiative Proposition 116.