Section 18A:64A-22.4 - Deduction from gross debt.

NJ Rev Stat § 18A:64A-22.4 (2019) (N/A)
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18A:64A-22.4 Deduction from gross debt.

4. Such additional borrowing, if entered into by the county, shall constitute a deduction from the gross debt of such county and shall not be considered in determining its net debt for debt incurring purposes.

L.1971,c.12,s.4; amended 1997, c.360, s.10.