Program

On November 2, 2004, more than two-thirds of qualified voters in the District approved Measure AA, a $980 million authorization designed to fund BART’s Earthquake Safety Program. This measure titled “BART Earthquake Safety Bond” aims to make earthquake safety improvements to BART facilities in the three BART Counties (the City and County of San Francisco, Alameda County and Contra Costa County), including strengthening tunnels, bridges, overhead tracks and the underwater Transbay Tube. 

In order to provide sufficient funds for repayment of principal and interest when due on the Measure AA 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 accounts for the bonds authorized by Measure AA.