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Tourism bureau owes nothing as credit line expires

July 01, 1998

The Washington County tourism bureau's $75,000 line of credit from the City of Hagerstown expired Tuesday with no outstanding debt, officials said.

The most the Hagerstown-Washington County Convention and Visitors Bureau used was $20,000 that was outstanding in August 1997, said City Finance Director Al Martin.

That money was paid off at 5.75 percent interest by the end of 1997 and no further money was withdrawn, Martin said.

The funds were used for payroll and operating costs during the first few months after the bureau was restructured and given a fresh start on July 1, 1997, said Ben Hart, the bureau's executive director.

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Hart said the funds were needed since there is a two-month delay in receiving revenue from the 3 percent hotel and motel room tax that supports the bureau. The bureau didn't receive July 1997 room tax revenue until September 1997, he said.

The bureau remains on track financially within its $563,000 annual budget, Hart said.

City Council members approved the one-year line of credit in July 1997, Martin said.

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