Tag Archives: State Trust Fund Loans

Study committee on Common School Fund to meet on Oct. 11

The Legislative Council Study Committee on the Investment and Use of the School Trust Funds is scheduled to hold its third public meeting on Thursday, October 11 at 10:00 a.m., in Room 411 South, State Capitol.

The Study Committee is directed to review the statutes governing the investment of the trust funds administered by the Board of Commissioners of Public Lands (BCPL), including the loan programs administered by BCPL. The Study Committee is further 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.

Some Study Committee members have expressed concerns about the BCPL’s State Trust Fund Loan Program and its effect private lending to municipalities and school districts. Possible discussion topics relating to these concerns include, among others:

o   capping the portion of the school trust funds that the BCPL that may be invested through the loan program;
o   prohibiting the issuance of loans with features that private lenders are unable to offer or requiring that the BCPL serve as a “lender of last resort”; and
o   measures intended to increase the return achieved through the loan program itself.

Continue reading Study committee on Common School Fund to meet on Oct. 11

Study committee on school trust funds to meet Sept. 5

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. Continue reading Study committee on school trust funds to meet Sept. 5

Study committee on use and investment of Common School Fund to meet Thursday

The Legislative Council Study Committee on the Investment and Use of the School Trust Funds will hold its first meeting on Thursday (August 16) at 10:00 AM in Room 411 South, State Capitol.  The hearing will be broadcast live on Wisconsin Eye.  A panel of school leaders (school board members and school administrators) is scheduled to testify beginning at 2:40 p.m. (You can view the agenda here.) Continue reading Study committee on use and investment of Common School Fund to meet Thursday

School Trust Funds Study Committee sets first meeting for Aug. 16

A special study committee looking at the constitutionally established state school trust fund that supplies Library Aid to public school libraries will convene next month.

The Legislative Council Study Committee on the Investment and Use of the School Trust Funds will  hold its initial meeting on August 16 at 10:00 a.m. in Room 411 South of the State Capitol.  The WASB has been asked to participate in a panel discussion presentation to the study committee at that meeting.

Continue reading School Trust Funds Study Committee sets first meeting for Aug. 16

Fate of state treasurer post is on April 3 ballot

Next Tuesday (April 3), Wisconsin voters will be asked to consider amending the state constitution to abolish the office of state treasurer, a position dating from Wisconsin’s territorial days.  If state voters approve the amendment, Wisconsin would join five states—Florida, Minnesota, Montana, New York and Texas—that have eliminated or merged the office of state treasurer with another office.

Because this ballot question has received relatively little attention in the media and elsewhere in the public arena, one might be tempted to ask, “Why does this vote matter to school leaders?” Continue reading Fate of state treasurer post is on April 3 ballot

Hearing held on bill to eliminate the Board of Commissioners of Public Lands’ loan authority

The state Senate Committee on Government Operations, Technology and Consumer Protection held a public hearing Wednesday, January 31 at 9:30 AM in Room 201 Southeast, State Capitol on Senate Bill 713.  (See hearing notice.)  The bill is authored by state Sen. Duey Stroebel (R-Saukville, pictured at left), who chairs the committee hearing the bill, and is also a former Cedarburg School Board member.

Critics of the bill are concerned that it would end the State Trust Fund Loan program, which supports schools, public libraries, technical colleges and local governments. This loan program is currently managed by the Board of Commissioners of Public Lands (BCPL). Continue reading Hearing held on bill to eliminate the Board of Commissioners of Public Lands’ loan authority