MADISON – The Board of Commissioners of Public Lands (BCPL) approved nearly $400,000 in State Trust Fund Loans to support five municipal projects in Wisconsin. Loans approved include:
- Christmas Mountain Sanitary District, Sauk County / Replace septic tank/lift station / $150,000
- City of Lodi, Columbia County / Purchase street sweeper / $85,000
- Town of River Falls, Pierce County / Refinance BCPL loan #2013167 / $69,631.10
- Town of Siren, Burnett County / Purchase land / $22,819.20
- White River Flowage Lake Management District, Waushara County / Purchase weed harvester and trailer / $65,034.50
The Board also approved the sale of eight parcels of state School Trust Lands totaling approximately 300 acres in Eau Claire, Lincoln, Oneida, Price and Vilas counties. The sale of these parcels will be offered to the public via sealed bids in the near future. Proceeds from these sales will be used to purchase better income producing timberland, improve land management efficiency, and enhance public access to School Trust Lands. All sales have been evaluated using Board approved sales criteria.
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.
Contributed by Tia Nelson