Board of Commissioners of Public Lands
Assets & Beneficiaries

School Trust Funds
    Common School Fund
    Normal School Fund
    University Fund
    Agricultural College Fund

BCPL State Trust Fund Loan Program
    Application Process
    Current Interest Rates
    Eligibility and Repayment
    Loan Application Request Forms
    Sample Documents
    BCPL Loan History

School Trust Lands
    Timber Management
    Land Transactions
    Public Access
    Interactive Ownership Map
    Submerged Logging
    Upcoming Timber Sales
    Public Land Ownership
    Surplus BCPL Property for Sale

Land Records
    Record Types
    Public Access
    Online Records

    Board and Meetings
    Staff Directory
    Public Records Policy Statement
    AA/EEO Policy Statement


   BCPL State Trust Fund Loan Program > Eligibility and Repayment

Eligibility and Repayment

Who can borrow?

Wisconsin school districts and municipalities, as defined by Section 67.01(5) of the Wisconsin Statutes, are eligible to borrow, along with a few other statutorily defined entities. Eligible borrowers include counties, cities, villages, towns, technical college districts, metropolitan sewerage districts, town sanitary districts, public inland lake protection and rehabilitation districts, and drainage districts. Federated library systems also are eligible.

For what projects?

You could use a BCPL State Trust Fund loan for any public purpose project. Our loans typically are used for three types of public purposes:

  • School repairs and improvements including building renovations and the installation of energy-efficient heating and lighting systems
  • Local infracstructure projects including roads, town halls, airports, sewer systems and wastewater facilities, trucks, and emergency vehicles
  • Local economic development through Tax Incremental Financing (TIF) districts and downtown revitalization projects

Payment schedules

Annual payments are due March 15 each year.  Loans funded between September 1 and March 14 do not have a payment scheduled for that upcoming March 15.  BCPL can provide custom amortization schedules for projects that may take time to generate expected revenues or that need coordination with other debt payment schedules.  For details or questions, contact our Loan Analyst.

Prepayment option

Prepayment(s) on any loan(s) are only allowed after January 1 and before September 1 of each year.  No prepayment penalties or fees are charged.  A 30-day written notice is required.  For details or questions, contact our Accountant.

PrintPrint Version  

Wisconsin.Gov Wisconsin Board of Commissioners of Public Lands
(608) 266-1370 Madison   •  (715) 277-3366 Lake Tomahawk
Legal/Acceptable Use  |   Privacy Notices  |   Site Map