BART Board to meet Thursday, Oct. 23, at 4 pm
The BART Board of Directors is scheduled to meet Thursday, Oct. 23, at 4 pm, to take up a number of issues including an amended Financial Stability Policy creating a larger reserve fund for times of economic uncertainty.
The amended policy would increase the reserve fund from 5% of total annual operating expenses to 15%, yielding a reserve fund goal that more closely matches a single month of District expenses.
The amended policy also would install an automatic funding mechanism that follows "best practices" of the industry.
The meeting will take place in the BART Board Room, Kaiser Center 20th Street Mall, Third Floor, 344, 20th Street, Oakland.
For an agenda with more detail, or to watch a live stream of the meeting in progress, go to www.bart.gov/board.