THIBODAUX, La. (AP) — A new Raceland Lower Elementary School is on the horizon after the Lafourche Parish School Board approved the sale of $18 million in bonds.

The Courier reports (http://bit.ly/T4z0eg ) the school system will borrow money for construction and pay it off using property taxes it collects over several years.

The bonds are the first part of a $50 million package voters approved in April.

Facilities manager Evan Plaisance said the bulk of the $18 million will pay for the new Raceland Lower school, which he estimates will cost about $13 million. The rest will pay for general renovations throughout the district.

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Information from: The Courier, http://www.houmatoday.com