High-Speed Rail Authority in California: Audit Report
Report concerning the Calif. High-Speed Rail Authority┐s (Authority) readiness to manage funds authorized for building the high-speed rail network in Calif., including the $9 billion in general obligation bonds the voters authorized in Nov. 2008. This report concludes that the Authority has not adequately planned for the future development of the program. State law requires the Authority to establish an independent peer review group to review the Authority┐s plans, but only five of the eight members have been appointed. Additionally, the Authority does not currently categorize and track expenditures for admin., which state law limits to 2.5% ($225 million) of the $9 billion in bond funds authorized. Charts and tables.
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$12 billion 2009 business plan According Additionally American Recovery April architectural and engineering assessment Authority members Authority paid Authority should ensure Authority staff Authority’s 2009 business Authority’s plans awarding bond funds California High-Speed Rail chief deputy director committed communications director construction costs Curt Pringle detail develop document draft audit engineering contracts environmental environmental impact report federal funds Federal Railroad Administration Finance fiscal officer funding plan funding sources Further High-Speed Rail Authority high-speed rail network implementation invoice payment invoices from regional JUN JUN JUN Legislature major contracts Meeting Act notification oral agreement oversight consultant Palmdale pay invoices peer review group percent policies and procedures preconstruction tasks private investors program management oversight Program Manager’s director progress reports Rail Authority Authority Recommendation Recovery Act funds Recovery and Reinvestment reflect work performed regional contractors responsible revenue guarantee review the Authority’s ridership risk management Sacramento scenarios strategic plan track expenditures written contract