ALBANY - On May 3, the Board of Commissioners of Public Lands approved a State Trust Fund Loan totaling $200,000 to Albany to finance street repairs. The board approved loans totaling slightly more than $12.3 million at the meeting.
Established in 1848 by the State Constitution, BCPL is the oldest state agency in Wisconsin. Loans are made to municipalities and school systems at low interest rates and with no fees.
The BCPL operates entirely on program revenue, without taxpayer money and distributes more than 96 cents of every dollar of interest earned on BCPL State Trust Fund investments to Wisconsin's public schools.
The 2016 earnings of $37.7 million are the largest distribution in the agency's history and provide the sole source of state funding for K-12 public school library materials.
The BCPL consists of Secretary of State Doug La Follette, State Treasurer Matt Adamczyk and Attorney General Brad Schimel. The BCPL manages the Common School Fund, which was created in Article X of Wisconsin's Constitution, as a permanent endowment to benefit public education. To learn more about the agency, visit http://bcpl.wisconsin.gov.
Established in 1848 by the State Constitution, BCPL is the oldest state agency in Wisconsin. Loans are made to municipalities and school systems at low interest rates and with no fees.
The BCPL operates entirely on program revenue, without taxpayer money and distributes more than 96 cents of every dollar of interest earned on BCPL State Trust Fund investments to Wisconsin's public schools.
The 2016 earnings of $37.7 million are the largest distribution in the agency's history and provide the sole source of state funding for K-12 public school library materials.
The BCPL consists of Secretary of State Doug La Follette, State Treasurer Matt Adamczyk and Attorney General Brad Schimel. The BCPL manages the Common School Fund, which was created in Article X of Wisconsin's Constitution, as a permanent endowment to benefit public education. To learn more about the agency, visit http://bcpl.wisconsin.gov.