DIGEST OF INTRODUCED BILL
Funding for high speed rail. Specifies the sources of revenue for the high speed rail development fund. Specifies the purposes for which money in the fund may be used. Annually appropriates to the fund from the state general fund 0.04% of the total amount of state gross retail and use taxes collected during the immediately preceding state fiscal year, if the total amount collected is $4,930,000,000 or greater.