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9 <br />"Reimbursement Amount° means, (1) in the case of disposition to ay <br />North Carolina local government that is also a Party, so long as that <br />government devotes the transferred portion to public purposes, (a) <br />$606,623, being the original purchase price of the Greene Tract, <br />multiplied (b) by a fraction, the numerator of which is the number of <br />whole acres of the Greene Tract being disposed and the denominator of <br />which is 169, plus (c) uncompounded interest on the product of (a) and <br />' (b) at the annual rate of 6.00 from March 30, 1984, to the effective <br />date of any disposition, and (2) in the case of any other dispositioa, <br />the greater of either (a) the Reimbursement Amount to a North Carolina <br />local government that is also a Party, or (b) the net proceeds of a <br />sale after the costs o£ the sale are paid. <br />"' "3o13d Waste° means all materials accepted by the County for <br />disposal at System Management Facilities, as the same may be <br />established and amended from time to time under the Solid Waste <br />Management Plan and Policies (subject t_a, the provisions a£ Part 2 <br />which authorize the County to refuse too- accept for disposal any <br />material ar substance which the County re,a'sonably determines is barred <br />from such disposal by any applicable :law or regulation or the <br />restrictions a£ any permit), other than County Recyclables. <br />;; <br />"solid Waste Management Plan asxd Policies" means, the combination <br />of (a) the Integrated Solid Waste Management Plan, and all future <br />modifications of that Plan, which is the report submitted pursuant to <br />law to State authorities describing the long-term plan for solid waste <br />management, which the County, as designated lead agency, Files on <br />behalf of the County and the Towns, and (b) the Solid Waste Management <br />Policies, which are, collectively, all policies related to the System <br />and coordinated solid waste management for the County, the towns and <br />the persons and organizations in their jurisdictians,• as the same may <br />exist from tti.me to time (including all such policies in effect as of <br />the date of this Agreement). The term "Solid Waste Management Plan and <br />Policies" thereby encompasses all policy chozces, as in effect from <br />time to time, related to the management and operation of the System. <br />"State" means the State of North Carolina. <br />"System" means all assets, including bath real and personal <br />property, used from time to time in the conduct of the functions of <br />collecting and processing County Recyclables, reducing solid waste, <br />disposing of Solid Waste and mulching, composting and re-•using Solid <br />Waste, and includes both (a) the Existing System Assets and (b) all <br />moneys and investments related to such functions. <br />"System Debt" means all obligations for payments of principal acid <br />interest with .respect to borrowed money incurred or assumed by the <br />County in connection with the ownership ar operation of the System, <br />without regard to the form of the transaction, and specifically <br />including leases ar similar financing agreements which are required to <br />be capitalized in accordance with generally accepted accounting <br />principles. System Debt is °Outstaudiag" at all times after it is <br />issued ar contracted until it is paid. <br />18 <br />