For the City-Times

The Board of Commissioners of Public Lands (BCPL) today approved two State Trust Fund Loans totaling $204,000 to the Town of Dewey to remodel the town hall and purchase a fire truck.

The Board approved loans totaling nearly $5.7 million at today’s meeting.  They include:

• Village of Chenequa, Waukesha County / Construct village garage / $800,000
• City of Cumberland, Barron County / Finance street improvements / $100,000
• Town of Dewey, Portage County / Remodel town hall / $50,000
• Town of Dewey, Portage County / Purchase fire truck / $154,000
• Eau Claire County /Refinance airport hangar loan / $350,000
• Eau Claire County /Refinance BCPL loan #2003001 / $522,802.46
• Town of Liberty, Manitowoc County / Purchase plow truck / $136,000
• River Valley School District, Sauk County / Refinance WRS prior service pension liability / $1,700,000
• City of Thorp, Clark County / Finance street and park maintenance / $725,000
• City of Thorp, Clark County / Refinance BCPL loan #97084.01 / $36,729.39
• City of Thorp, Clark County / Refinance BCPL loan #97084.02 / $7,846.32
• Washburn County / Finance road project / $805,000
• Village of Webster, Burnett County / Purchase water/sewer monitoring system / $40,000
• Wheatland J1 School District, Kenosha County / Finance roof replacement / $180,000
• Wheatland J1 School District, Kenosha County / Purchase computers / $90,000

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 revenue 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.

To learn more about the agency, visit http://bcpl.wisconsin.gov.