Note 10. Postemployment Benefits Other Than Pensions (continued):
State of New Jersey's
Proportionate Share of OPEB Liability Associated with the Township 29,520,981.00
At December 31, 2018, the State’s proportionate share of the OPEB expense, associated with the Township, calculated by the plan as of the June 30, 2018 measurement date was $893,635.00.
The following schedule represents the Township’s summary of debt, as filed in the Township’s Annual Debt Statement required by the Local Bond Law of New Jersey for the current and two previous years:
| 2018 | 2017 | 2016 | |
| Issued: | |||
| General: | |||
| Bonds, Notes and Loans | $ 20,098,336.95 | $ 19,581,439.78 | $ 28,936,326.00 |
| Total Debt Issued | 20,098,336.95 | 19,581,439.78 | 28,936,326.00 |
| Authorized but not issued: | |||
| General: | |||
| Bonds, Notes and Loans | 2,109,502.50 | 4,372,731.50 | 3,357,232.50 |
| Total Authorized But Not Issued | 2,109,502.50 | 4,372,731.50 | 3,357,232.50 |
| Total Gross Debt | $ 22,207,839.45 | $ 23,954,171.28 | $ 32,293,558.50 |
| Deductions: | |||
| General: | |||
| Funds Temporarily Held | |||
| to pay Bonds & Notes | 1,281,840.79 | 1,796,905.79 | 7,757,905.79 |
| Open Space Trust (40A:2-44h) | 2,810,000.00 | 3,460,000.00 | 4,105,000.00 |
| Total Deductions | 4,091,840.79 | 5,256,905.79 | 11,862,905.79 |
| Total Net Debt | $ 18,115,998.66 | $ 18,697,265.49 | $ 20,430,652.71 |
Summary of Statutory Debt Condition - Annual Debt Statement
The following schedule is a summary of the previous schedule and is prepared in accordance with the required method of setting up the Annual Debt Statement:
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