Bonds

Program

General Obligation – Measure RR

General Obligation – Measure RR

CUSIP-6
797661
Sector
Transit

On November 8, 2016, more than two-thirds of qualified voters in the District approved Measure RR, a $3.5 billion authorization designed to fund a portion of the System Renewal Program. This measure titled “BART Safety, Reliability and Traffic Relief” aims to address critical infrastructure needs. 

In order to provide sufficient funds for repayment of principal and interest when due on the Measure RR Bonds, the District is empowered and is obligated to annually levy ad valorem taxes upon all property subject to taxation by the District, without limitation as to rate or amount (except as to certain personal property which is taxable at limited rates).  Such taxes, when collected and received by the respective BART county collecting such taxes on behalf of the District, are received by the Trustee and deposited in the applicable accounts for the bonds authorized by Measure RR.

There are currently no active bonds.