Proposition 1B

As approved by the voters in the November 2006 general elections, Proposition 1B enacts the Highway Safety, Traffic Reduction, Air Quality, and Port Security Bond Act of 2006 to authorize $19.925 billion of state general obligation bonds for specified purposes, including high-priority transportation corridor improvements, State Route 99 corridor enhancements, trade infrastructure and port security projects, school bus retrofit and replacement purposes, state transportation improvement program augmentation, transit and passenger rail improvements, state-local partnership transportation projects, transit security projects, local bridge seismic retrofit projects, highway-railroad grade separation and crossing improvement projects, state highway safety and rehabilitation projects, and local street and road improvement, congestion relief, and traffic safety.

Program	Available	Committed1	Balance
	(dollars in thousands)
Corridor Mobility Improvement Account (CMIA)	$4,500,000	$4,489,707	$10,293
Route 99 Corridor Account (Rte 99)	$1,000,000	$1,000,000	$0
Trade Corridors Improvement Fund	$2,000,000	$2,000,000	$0
State Transportation Improvement Program (STIP) Augmentation	$2,000,000	$2,000,000	$0
State Highway Operations and Protection Program (SHOPP)	$500,000	$500,000	$0
Traffic Light Synchronization	$250,000	0	$250,000
State-Local Partnership Program Account	$1,000,000	0	$1,000,000
Local Bridge Seismic Retrofit Account	$125,000	$125,000	$0
Highway-Railroad Crossing Safety Account	$250,000	0	$250,000
Intercity Rail Improvement	$400,000	$400,000	$0
Public Transportation Modernization, Improvement, and Service Enhancement Account	$3,600,000	$393,978	$3,206,022
Local Street and Road, Congestion Relief, and Traffic Safety Account of 2006	$2,000,000	$721,852	$1,278,148
Goods Movement Emission Reduction Program	$1,000,000	$200,000	$800,000
School Bus Retrofit and Replacement Account	$200,000	0	$200,000
Port, Harbor, and Ferry Terminal Security Account	$100,000	$40,000	$60,000
Transit System Safety, Security & Disaster Response Account	$1,000,000	$75,000	$925,000
Total	$19,925,000	$11,945,537	$7,979,463

1 These figures include a two percent reserve for bond administration fees.

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