Upon approval by the Legislature, by the enactment of a statute, or approval by the voters of a financial plan providing the necessary funding for the construction of a high-speed network, the authority may do any of the following:
(a) Enter into contracts with private or public entities for the design, construction, and operation of high-speed trains. The contracts may be separated into individual tasks or segments or may include all tasks and segments, including a design-build or design-build-operate contract.
(b) Acquire rights-of-way through purchase or eminent domain.
(c) Issue debt, secured by pledges of state funds, federal grants, or project revenues. The pledge of state funds shall be limited to those funds expressly authorized by statute or voter-approved initiatives.
(d) Enter into cooperative or joint development agreements with local governments or private entities.
(e) Set fares and schedules.
(f) Relocate highways and utilities.
(Amended by Stats. 2010, Ch. 328, Sec. 208. (SB 1330) Effective January 1, 2011.)