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Sen. Erpenbach: State trust fund loan progam benefits us all
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The Wisconsin Board of Commissioners of Public Lands (BCLP) is the state entity that invests the principal (base money) of the Common School Fund. Managed by the BCPL, the Common School Fund was established by the Wisconsin Constitution in 1848, with earnings used exclusively to support and maintain common schools (now K-12 public) and the support of libraries. The BCPL also loans money for public works projects from principal funds and reinvests the interest earned.