Notice requirement to the legislature regarding certain light rail transit project changes

This bill requires state agencies responsible for light rail projects to notify specific legislative committees if a project's cost increases by at least five percent or its completion date is delayed by six months or more. The notification must be sent within seven days of making such a determination and must explain the reasons behind the changes. This rule applies only to projects that have reached a specific stage where they have a cost estimate, a construction schedule, and federal approval for final design. The legislation aims to improve transparency by ensuring lawmakers are informed of significant shifts in project scope or timelines.