SB 901

Bill Subjects

Abstract

Existing law, the Highway Safety, Traffic Reduction, Air Quality, and Port Security Bond Act of 2006, authorizes the issuance of $19.925 billion of general obligation bonds for various transportation purposes. Existing law designates the state agency responsible for programming bond funds under the act as the administrative agency for those purposes. Existing law authorizes a regional or local agency that is a lead agency for a project or project component, other than specified grade separation and railroad crossing projects, for which bond funding has been programmed or otherwise approved by the administrative agency or is otherwise targeted to be available, as specified, to apply to the administrative agency for a letter of no prejudice that makes the regional or local agency eligible to be subsequently reimbursed from bond funds for expenditures of funds under its control for the project or project component under certain conditions, as specified. This bill would also authorize those regional and local agencies to apply to the administrative agency for a letter of no prejudice that would make the regional or local agencies eligible to be subsequently reimbursed from bond funds for expenditures of funds under their control for grade separation and railroad crossing projects, as specified.