Approval of Twin Lakes’ loan from the the Board of Commissioners of Public Lands was recently announced.
The village will use the $199,115 to purchase an ambulance.
The Twin Lakes loan was among $1.4 million approved this month.
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.
Established in 1848 by the State Constitution, the BCPL consists of the 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.
