Orange County NC Website
8 <br /> (a) GROSS DEBT, being the sum of a(1) , <br /> a(2) , a(3) and a(4) . . . . . . . . . . . . . . . . . . . . . $ 86:123?274 <br /> (B) DEDUCTIONS <br /> b(1) Funding and refunding bonds <br /> authorized by orders introduced <br /> but not yet adopted . . . . . . . . . . . . . . . . . . . . . $ -0- <br /> b(2) Funding and refunding bonds <br /> authorized but not yet issued . . . . . . . . . . . $ -0- <br /> b(3) The amount of money held in <br /> sinking funds or otherwise for <br /> the payment of any part of the <br /> principal of gross debt other than <br /> debt incurred for water purposes or <br /> sanitary sewer purposes (to the <br /> extent that the bonds are <br /> deductible under G.S. §159-55 (b) ) . . . . . . . $. . .. .. . . . <br /> b(4) Bonded debt included in gross debt <br /> and incurred, or to be incurred, <br /> for water purposes . . . . . . . . . . . . . . . . . . . . . . $1, 000, 000 <br /> b(5) Bonded debt included in gross debt <br /> and incurred, or to be incurred, <br /> for sanitary sewer system purposes <br /> to the extent that said debt is made <br /> deductible by G.S. §159-55 (b) . . . . . . . . . . . $ -0- <br /> b(6) Uncollected special assessments <br /> heretofore levied for local <br /> improvements for which any part of <br /> the gross debt (that is not <br /> otherwise deducted) was or is to <br /> be incurred to the extent that <br /> such assessments will be applied, <br /> when collected, to the payment of <br /> any part of the gross debt . . . . . . . . . . . . . . $. . .. .. . . . . <br /> b(7) The amount, as estimated by the <br /> Finance Director, of special <br /> assessments to be levied for <br /> local improvements for which any <br /> part of the gross debt (that is not <br /> otherwise deducted) was or is to be <br /> incurred, to the extent that the <br /> special assessments, when collected, <br /> will be applied to the payment of <br /> any pat of the gross debt . . . . . . . . . . . . . . $. . . .. . . . . <br /> 2 <br />