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

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.