The California High-Speed Rail Authority board is meeting in Sacramento to discuss approving two funding plans required by state law before the agency can use any money from Proposition 1A, the 2008 high-speed rail bond.

According to the Fresno Bee, one of the plans is for the 119 mile-route north of Madera to north of Bakersfield. The second is for electrifying and improving Caltrain commuter train tracks between San Francisco and San Jose to be shared with high-speed trains.

The funding plan for the San Joaquin Valley estimates that it will take over $7 billion to build the necessary equipment to run tests for electric trains. The trains would reach speeds above 200 mph.

For more on the cost and future of the California High-Speed Rail, click here.