Program

BART’s Sales Tax Revenue Bonds are special obligations of the District payable from and secured by a gross lien pledge of sales tax revenues, comprised of seventy-five percent (75%) of the amounts derived from a one-half of one percent (0.5%) transactions and use tax imposed within the three BART Counties (Alameda County, Contra Costa County, and the City and County of San Francisco) pursuant to Section 29140 of the California Public Utilities Code, after deduction by the California Department of Tax and Fee Administration (CDTFA) of its fee for administering the sales tax. The CDTFA directly remits all pledged revenues to the Trustee.