MADISON – The Board of Commissioners of Public Lands (BCPL) today approved slightly more than $9.9 million in State Trust Fund Loans to support five municipal projects and one school district project in Wisconsin.
Loans approved include:
- Village of Caledonia, Racine County / Finance sanitary sewer costs / $150,000
- Clark County / Finance public safety communications project / $3,000,000
- Clark County / Finance road construction projects / $810,000
- Kiel Area School District, Calumet, Manitowoc and Sheboygan Counties / Refinance WRS prior service pension liability / $1,130,000
- City of Port Washington, Ozaukee County / Finance TID #2 incentives / $250,000
- Town of Sullivan, Jefferson County / Purchase fire truck / $133,000
- Town of Sullivan, Jefferson County / Purchase skid loader / $37,000
- City of Wisconsin Dells, Adams, Columbia, Juneau and Sauk Counties / Refinance 2006 refunding bonds / $1,161,000
- City of Wisconsin Dells, Adams, Columbia, Juneau and Sauk Counties / Refinance 2005 CDA lease revenue bonds / $3,260,000
The Board also approved the sale of School Trust Lands totaling approximately 320 acres in Iron County. The sale of these School Trust Lands will be offered to the public via sealed bid in the near future. Proceeds from the sale will be used to purchase better income producing timberland, improve land management efficiency, and enhance public access to School Trust Lands. The sale has 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; $30.2 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.