Orange County NC Website
Browse       Search
4. Bonded debt included in gross debt <br />and incurred, or to be incurred, for water, gas or <br />electric light or power purposes, or any two or <br />more of such purposes. <br />5. Bonded debt included in gross debt <br />and incurred, or to be incurred, for sanitary <br />sewer purposes (to the extent deductible under <br />Section 159-55(b) of the General Statutes). <br />6. Uncollected special assessments <br />levied for local improvements for which any part <br />of gross debt (that is not otherwise deducted) <br />was or is to be incurred, to the extent that the <br />special assessments will be applied, when <br />collected, to the payment of any part of the gross <br />debt. <br />7. Estimate of special assessments to be <br />levied for local improvements for which any part <br />of gross debt (that is not otherwise deducted) <br />was or is to be incurred, to the extent that the <br />special assessments will be applied, when <br />collected, to the payment of any part of the gross <br />debt. <br />Total deductions (Sum of 1 through 7) $ 76.200,000 <br />C. Net Debt, being the difference between <br />Total Gross Debt (A) and Total Deductions $131,474,445 <br />(B). <br />Orange Co Docs 12 2 02 <br />