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July 31, 2007

The issue: The Washington County Board of Education has been researching funding options for a Barbara Ingram School for the Arts in downtown Hagerstown. The board voted in June to fund the school through a long-term lease that could have included borrowing an estimated $11.5 million.

What's new: The board voted Monday to put a cap on the amount that may be borrowed for the school, saying no more than about $8.3 million would be financed at an interest rate of no more than 6 percent. The board also voted to move forward with soliciting construction bids for the new school, which officials have said could open in January 2009.

What's next: Washington County Public Schools Superintendent Elizabeth Morgan said staff will soon provide details for the board on tax credits, donations and other details about funding for the school.

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