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$32.5 Million Presented to State School Districts
Wednesday, May 16th, 2012 -- 8:25 am
Posted by Riley Hebert-News Director
-In late April, the Board of Commissioners of Public lands presented $32.5 million from the Common School Fund to every school district in the state! That’s $26 per child!
Funds for library aid distribution consist primarily of interest generated on loans provided through the BCPL State Trust Fund Loan Program. This program provides loans to municipalities and school districts for projects including economic development, school repairs and improvements, local infrastructure, and capital equipment and vehicles.
The Board of Commissioners of Public Lands administers both the Common School Fund and the BCPL State Trust Fund Loan Program.
The Board has provided $168.4 million in public school library aid over the last five years.
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