### Question
How is the "consolidated funded debt" defined?


### Answer
The term **consolidated funded debt** is defined in *45 U.S.C. § 1303* as follows -

> the aggregate, after eliminating intercompany items, of all funded debt of the Corporation and its consolidated subsidiaries, consolidated in accordance with generally accepted accounting principles

#### Citation:
  - *45 U.S.C. § 1303*
  - Heading: **CHAPTER 22-CONRAIL PRIVATIZATION > SUBCHAPTER I-GENERAL PROVISIONS**

