California AB 2407: Redevelopment: refunding revenue bonds.

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 Bill Text - AB-2407 High-Speed Rail Authority Office of the Inspector General: contract reviews: audit standards.

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 |Add To My Favorites |Track Bill | Version: 03/09/26 - Amended Assembly
 02/20/26 - Introduced

 AB-2407 High-Speed Rail Authority Office of the Inspector General: contract reviews: audit standards.(2025-2026)

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 Date Published: 03/09/2026 09:00 PM

AB2407:v98#DOCUMENTBill Start

 Amended
 IN 
 Assembly
 March 09, 2026

 CALIFORNIA LEGISLATURE—
 2025–2026 REGULAR SESSION

 Assembly Bill

No. 2407

Introduced by Assembly Member Macedo

February 20, 2026

 An act to amend Section 185012 of 187030 of, and to add Section 187037 to, the Public Utilities Code, relating to high-speed rail. 

LEGISLATIVE COUNSEL'S DIGEST

AB 2407, as amended, Macedo.
 High-speed rail. High-Speed Rail Authority Office of the Inspector General: contract reviews: audit standards.

Existing law creates the High-Speed Rail Authority to develop and implement a high-speed rail system in the state. Existing law creates the High-Speed Rail Authority Office of the Inspector General and authorizes the High-Speed Rail Authority Inspector General to initiate an audit or review regarding oversight related to delivery of the high-speed rail project undertaken by the authority and the selection and oversight of contractors related to that project. Existing law imposes other duties and responsibilities on the Inspector General relating to the oversight of the authority, including the duty and responsibility to review the authority’s contracts and contracting practices to determine whether they are, among other things, executed consistent with state and federal laws and policies.

This bill would also impose on the Inspector General the duty and responsibility to review financial disclosures and identify conflicts of interest for officials who make, or participate in making, decisions to execute contracts, or contract changes, for the authority.

This bill would require the Inspector General to complete an audit in a timely manner and pursuant to the “Government Auditing Standards” published by the Comptroller General of the United States. Immediately upon completion of an audit or review, the bill would require the Inspector General to make a report of the audit or review available to the public.

The California High-Speed Rail Act creates the High-Speed Rail Authority to develop and implement a high-speed rail system in the state, with specified powers and duties. Existing law defines certain terms in that regard.

This bill would make nonsubstantive changes to these definitions. 

Digest Key

 Vote:
 MAJORITY 
 Appropriation:
 NO 
 Fiscal Committee:
 NOYES 
 Local Program:
 NO 

Bill Text

The people of the State of California do enact as follows:

SECTION 1.

 Section 187030 of the Public Utilities Code is amended to read:

187030.

 (a) The Inspector General may, under policies developed by the Inspector General, initiate an audit or review on the Inspector General’s own accord regarding oversight related to delivery of the project, and the selection and oversight of contractors related to the project. Following a completed audit or review, the Inspector General may perform a followup audit or review to determine what measures the High-Speed Rail Authority implemented to address the Inspector General’s findings and to assess the effectiveness of those measures. In considering what audits and reviews to perform, the Inspector General may consider input received from the Legislature, the Governor, and the High-Speed Rail Authority.

(b) The duties and responsibilities of the Inspector General
 shall include, but are not limited to, all of the following:

(1) Commencing with the project update report required pursuant to Section 185033.5 that is due on or before March 1, 2023, to conduct independent fiscal estimates and reviews of the High-Speed Rail Authority’s plans and estimates for project advancement and make findings of the reasonableness of those plans and estimates.

(2) Commencing with the project update report required pursuant to Section 185033.5 that is due on or before March 1, 2023, to monitor progress toward meeting the milestones toward the implementation of the successful completion of the Merced to Bakersfield segment of the project, consistent with subdivision (a).

(3) To conduct audits and investigations relating to delivery of the project.