Smyth Wants Timely Spending Of Bond Money
Assemblyman Cameron Smyth, R-Santa Clarita, has announced that he is pushing for legislation that will ensure that the voter-approved transportation bond funding will be spent on projects that are primed and ready for immediate construction.“Last November, California voters gave the green light to issue record bond funding to address California’s long neglected infrastructure needs,” said Smyth. “The Legislature must take this bold decree seriously and ensure that these funds are spent wisely and on projects that will give Californians immediate returns on their investment.”
Proposition 1B, part of the infrastructure package approved last November, authorizes the issuance of more than $19 billion for various transportation projects around the state. The proposition did not stipulate completion dates for projects funded with bond money.
AB 412 simply directs the California Transportation Commission to adopt project delivery deadlines for these projects.
“By not specifying deadlines for delivery of funded projects, it is possible that valuable bond money will end up being spent on projects that are years away from construction,” added Smyth. “My AB 412 will make certain that critical transportation needs across the state are met quickly and efficiently so that motorists will spend less time on the road and more time at home with their families.”