The second meeting of the Legislative Council Study Committee on the Investment and Use of the School Trust Funds is scheduled to be held on Wednesday, September 5, at 10:00 a.m., in Room 411 South, State Capitol, Madison. You can watch the meeting LIVE on WisconsinEye.
This Study Committee is reviewing the statutes governing the investment of the trust funds administered by the Board of Commissioners of Public Lands (BCPL). This includes the Common School Fund from which aids for public school libraries are generated. The Study Committee is also reviewing the statutes governing the loan programs (e.g., the State Trust Fund Loan Program) administered by BCPL.
The Study Committee has been directed to assess whether current statutes adequately ensure the effective investment and appropriate use of the proceeds of the funds, and recommend legislation for necessary changes.