§47C-2  Determination of funded debt. 
Within ninety days after the first day of each fiscal year, the director of
finance of each county shall ascertain and set forth in a tabular summary the
total indebtedness of the county outstanding and unpaid as of the first day of
such fiscal year.  The summary shall include the following:



(1)  An itemization of the total principal amount of
all general obligation bonds, reimbursable general obligation bonds, revenue
bonds, special assessment bonds, special purpose revenue bonds, and all other
bonds of the county outstanding and unpaid, including bonds which may be
excluded under clauses 1, 2, 3, 4, 5, 6, 8, and 9 of section 13 of Article VII
of the Constitution when determining the funded debt of the county for the purposes
of that section together with a grand total of such total principal amounts.



(2)  The total principal amount of all bonds of the
State required by clause (7) of section 13 of Article VII of the Constitution
to be included when determining the funded debt of the county for the purposes
of that section.



(3)  A grand total of the total principal amounts set
forth in the summary pursuant to paragraphs (1) and (2).



(4)  An itemization of the total of the principal
amount of all general obligation bonds, reimbursable general obligation bonds,
revenue bonds, special assessment bonds, and special purpose revenue bonds of
the county outstanding and unpaid which may be excluded under clauses 1, 2, 3,
4, 5, 6, 8, and 9 of section 13  of Article VII of the Constitution when
determining the total funded debt of the county for the purposes of that
section, together with a grand total of such total principal amounts.



(5)  The difference between the grand total principal
amount set forth in the summary pursuant to paragraph (3) and the grand total
principal amount set forth in the summary pursuant to paragraph (4).



The director of finance shall also prepare and
attach to the tabular summary such supporting schedules as may be required to
set forth in detail the bonds included in the itemizations required by
paragraphs (1) and (4).  Such supporting schedules shall also set forth or make
reference to the relevant statutory, charter, ordinance, or other legal
provision, and the relevant figures of assessment collections, revenues, user
tax receipts, cost of operation, maintenance and repair, net revenues, net user
tax receipts, reimbursements to the general fund, and other financial
information, justifying the inclusion of such bonds in the itemization required
by paragraph (4).  The director of finance shall indicate in the supporting
schedules whether the financial findings and figures are based upon the records
of the director's office or upon audited statements and reports, and if based
upon the latter, shall identify in the schedules the audited reports and
statements. [L 1970, c 202, pt of §1; am L 1979, c 43, pt of §4; am L 1983, c
64, §5; gen ch 1985]