BCPL approves $4 million in State Trust Fund loans

MADISON — The Board of Commissioners of Public Lands (BCPL) approved slightly more than $4 million in State Trust Fund Loans to support three municipal projects and two school district projects on February 17.

Loans approved include:

• Village of Elk Mound, Dunn County: Finance utility meter replacement – $49,000

• Town of Fredonia, Ozaukee County: Refinance building loan – $298,243

• City of Green Bay, Brown County: Finance TIF project – $2,500,000

• Stockbridge School District, Calumet County: Finance energy efficiency projects – $1,000,000

• Stockbridge School District, Calumet County: Refinance BCPL loan #2008099 – $209,368.49

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; $30.2 million in 2014, alone.  A complete list of the 2014 library aid distribution by school district will be found here: (http://bcpl.wisconsin.gov/docview.asp?docid=25610&locid=145).

State Trust Fund Loan monies come from the principal of the state’s Common School Fund, which is enhanced by revenues generated by fees, fines, forfeitures, unclaimed property and timber sales.

Established in 1848 by the State Constitution, the BCPL consists of the Secretary of State Doug La Follette, State Treasurer Matt Adamczyk, and Attorney General Brad Schimel.

To learn more about the agency, visit http://bcpl.wisconsin.gov