Board of Commissioners of Public Lands

Application Worksheets

The BCPL State Trust Fund Loan Program is a simple, cost-effective alternative to bonding for many public purpose projects. Rates are competitive and the process is extremely simple.

If you and your project are eligible, request a formal application by completing the appropriate worksheet:

Loan Worksheet for Municipalities

Loan Worksheet for School Districts

Timeline

We are committed to keeping our processes simple and efficient. The following table details the steps and estimated response times involved in applying for a BCPL State Trust Fund loan.

BCPL Task	Action	Estimated Time	YOUR Task
	You print the appropriate worksheet (above) and contact us if you need additional information or assistance		X
	You mail or fax the signed worksheet to our office with supporting documentation	1-2 days	X
X	BCPL staff prints a loan application and mails it to your clerk or district administrator	2-3 days
	At your next council or board meeting, you present for action the application containing the proper resolution	7-30 days	X
	You mail to us the completed and signed application with minutes of the meeting	2-5 days	X
X	BCPL staff reviews the application materials, follows up if there are any questions, then forwards your application to the Attorney General’s office	4 days
	Legal staff at the Attorney General’s office review your application	14 days
X	Our Board meets to approve the loan	7-14 days
X	BCPL sends you a letter of approval with a form for requesting funds	2-3 days
	You send BCPL a request for funds; funds may be requested as needed at any time you choose	Up to four months (your choice)	X
X	BCPL sends you a Certificate of Indebtedness	2-3 days
	You sign the Certificate and return it by mail	2-5 days	X
X	BCPL sends you a check and amortization schedule by mail, or wires money to your bank	2-5 days