Board Approves $600,000 for Community Projects
MADISON – The Board of Commissioners of Public Lands (BCPL) approved $581,689 in State Trust Fund Loans to support three municipal projects in Wisconsin. Loans approved today include:
- Town of Hiles, Forest County / Purchase tanker/fire truck / $160,000
- Village of Rock Springs, Sauk County / Refinance outstanding debt / $385,000
- Village of Rock Springs, Sauk County / Refinance BCPL loan #96047 / $36,689.18
With income generated by State Trust Fund Loans, and not a single taxpayer dollar, the BCPL provides all of the state’s financial aid to public elementary, middle and high school libraries; $30.1 million in 2013, alone. A complete list of the 2013 library aid distribution by school district will be found here: (http://bcpl.wisconsin.gov/docview.asp?docid=24671&locid=145).
State Trust Fund Loan monies come from the principal of the state’s Common School Fund enhanced by revenues generated by fees, fines, forfeitures, unclaimed property and timber sales. Established by the State Constitution, the BCPL consists of the Secretary of State, Doug La Follette; Attorney General, J.B. Van Hollen; and State Treasurer, Kurt Schuller.
To learn more about the agency, visit http://bcpl.wisconsin.gov.
Contributed by Tia Nelson
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