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Purpose Amount <br /> Regional Septage Treatment Plant $ 3,250,000 <br /> Chapter 90 2,382,239 <br /> Fire Station Architecture 127,500 <br /> ' Ruff Land 32,000 <br /> Lopez Land 150,000 <br /> McDonald Land* 340,000 <br /> ' Fitch Land* 185,000 <br /> Taulp Land* 220,000 <br /> Septic System Repair 100,000 <br /> Landfill Capping 365,400 <br /> Great Neck Road Land 255,000 <br /> Fire Station* 2,403,530 <br /> Belcher Land* 2,300,000 <br /> Total $ 12 110 669 <br /> * At June 30, 1999, bond anticipation notes,totaling $ 2,918,330, were <br /> outstanding for these projects. <br /> D. Legal Debt Margin <br /> The Town is subject to the General Laws of the Commonwealth of <br /> Massachusetts which limits the amount of bonded debt the Town may <br /> have outstanding to 5 percent of the valuation of taxable property as <br /> last equalized by the Commonwealth's Department of Revenue. The <br /> following is a computation of the legal debt margin as of June 30, 1999, <br /> ' not including authorized/unissued debt (in thousands of dollars): <br /> Equalized valuation - June 1 , 1999 $ 1.432.921 <br /> Debt limit - 5% of equalized valuation $ 71,646 <br /> Total debt outstanding 30,786 <br /> Authorized and unissued <br /> Less: debt exempt from limit (28,148) ( 2,638) <br /> Legal Debt Margin $ 69.008 <br /> ' E. Changes in General Long-Term Liabilities <br /> During the year ended June 30, 1999, the following changes occurred <br /> in liabilities reported in the general long-term debt account group (in <br /> thousands): <br /> 18 <br />