Section 2458 Of Chapter 10. Grade Separation Projects From California Streets And Highways Code >> Division 3. >> Chapter 10.
2458
. If a construction contract has not been awarded within two
years after an allocation for construction costs, the commission may
order the allocation canceled and those funds shall revert to the
fund set aside for purposes of this chapter. All or any part of an
allocation for preconstruction costs may be canceled and those funds
shall revert to the fund set aside for purposes of this chapter upon
a finding that insufficient progress is being made to complete the
project. Where an allocation is canceled pursuant to this section,
the local agency shall reimburse the fund set aside for purposes of
this chapter the portion of the allocation that is not reverted as
set forth in this section. The department shall determine, with the
local agency, as to the time of repayment.