CONTACT: Tia Nelson, Executive Secretary (608) 266-8369
MADISON –The Board of Commissioners of Public Lands (BCPL) today approved State Trust Fund Loans totaling nearly $5.4 million to fund public purpose projects in 11 Wisconsin communities.
Loans approved include:
· Town of Clyman – Dodge County / Finance road expenses and purchase bulk salt / $25,000
· Town of Draper – Sawyer County / Purchase truck / $39,024.24
· Town of Eagle – Waukesha County / Purchase highway truck/snowplow / $150,000
· City of Gillett – Oconto County / Refinance bank debt / $71,560.56
· Town of Milford – Jefferson County / Finance road repairs / $150,000
· City of New Richmond – St. Croix County / Refinance bank debt / $404,000
· City of New Richmond – St. Croix County / Remodel fire hall / $272,000
· City of New Richmond – St. Croix County / Remodel fire hall / $262,000
· City of New Richmond – St. Croix County / Refinance BCPL Loan 2006109.01 & .02 / $288,000
· City of Oshkosh – Winnebago County / Finance TIF 25 district projects / $2,000,000
· City of Ripon – Fond du Lac County / Finance street and TID projects / $1,183,000
· Town of Scott – Brown County / Refinance bank debt / $166,600
· Town of Scott – Brown County / Refinance bank debt / $103,400
· Town of Stiles – Oconto County / Finance road improvements / $100,000
· Village of Warrens – Monroe County / Finance operations / $175,000
In the last 12 months, including actions approved today, the Board of Commissioners of Public Lands has approved 181 loan applications totaling slightly more than $92 million. The loans can be made to municipalities and school districts for any public purpose.
Created in 1848 by the Wisconsin Constitution, the Board of Commissioners of Public Lands was established to accept federal land grants and to manage Trust Funds for the benefit of public education in Wisconsin. The Board consists of Secretary of State Doug La Follette, Attorney General J.B. Van Hollen and State Treasurer Kurt Schuller. The majority of Trust Fund assets are held in the Common School Fund, from which the majority of State Trust Fund loans are issued. Earnings from this fund are distributed to K-12 public school libraries annually. A total of $32.5 million was distributed to public school libraries in 2012. A complete list of library aid amounts for each school district can be found here: (bcpl.wisconsin.gov”).
A complete list of Wisconsin municipal and school projects funded by today’s Board action can be found here: (bcpl.wisconsin.gov/docview).
The agency’s 2009-2011 biennial report can be found here: (bcpl.wisconsin.gov).
