Light rail transit project notice required.

Summary

The bill adds a new statutory requirement that any authority overseeing a light rail transit project must inform the chairs and ranking minority members of the transportation policy and finance committees within seven days of a cost increase of five percent or more, or a delay of six months or more. The notice must include a summary of the new cost estimate, schedule, and reasons for the change. This aims to give lawmakers timely insight into significant project overruns.

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