Proposition 1: The Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century PASSED

Bond Measure

• Prop. 1 asks voters to approve the issuance of $9.95 billion of general obligation bonds.
• This would partially fund a $40 billion, 800-mile high speed train under the supervision of the California High-Speed Rail Authority.
• The train would run between San Francisco and Los Angeles, with Anaheim, California, designated as the southern terminus of the initial segment of the high-speed train system.
• Estimates are that the train system would be completed in 2030, and that it would take passengers between San Francisco and Los Angeles in about 2 hours and 40 minutes.

POSSIBLE DELAY

• The California State Assembly approved AB 3034 on May 30 by a vote of 60-3. The goal of AB 3034 is to "make the rules for spending the bond money more flexible if voters sign off on the bonds in November."[1] The Senate Appropriations Committee is considering the bill.
• AB 3034 has to be signed no later than midnight on July 15 in order for the language in it to be included in the ballot pamphlet for the November 4 election.
• As it is currently written, Prop 1 gives top funding priority to a route between Los Angeles and San Francisco. If AB 3034 becomes law, Prop 1 would be:
• * Amended to give all high-speed rail corridors, including the route through Altamont Pass, an equal opportunity to compete for a share of the $9 billion.

More on the CA Secretary of State's site.