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women's right to own property, immigrants' right to vote, banking regulations, and even the nascent state's boundaries. On one matter however, delegates were in near-unanimous agreement: the creation of a permanent endowment for public education, derived from school trust lands appropriated from the federal public domain and granted to the young state by
Congress upon its entry into the Union. The creation of said "school trust funds" was deemed necessary by the convention to assure sufficient protection of the land grants from discounted speculation and poor management practices. In furtherance of these objects, the constitutional convention - led by an
284:. BCPL also engages in sales of school trust lands in exchange for more productive parcels. Land sales are by private sale and either paid with cash or through mortgaged installments. The remaining school trust lands are accessible to the public without fee for hunting, fishing, trapping, hiking, and other appropriate outdoor recreational activities. BCPL prioritizes efficient and sustainable land management practices that not only generate increasing returns to beneficiaries but which also support timber productivity, forest health, water quality protection, biodiversity conservation, and enhanced public access.
259:. The state received 240,000 acres (380 sq mi) of land under this Act. Neither Congress nor the Legislature provided for additional revenues to the Agricultural College Fund following the rapid sale of the agricultural college lands. Interest on trust fund principal is distributed annually from the Agricultural College Fund to the University of Wisconsin–Madison, the state's
309:
Loan
Program. These "State Trust Fund Loans" are generally used to finance school building repairs and maintenance, municipal infrastructure projects, capital equipment and vehicles, pension liability refinancing, debt refinancing, and local economic development projects, among other public purposes. Principal and interest on loans are payable annually at BCPL's office in downtown
280:, public lands allotted by Congress to finance primary, secondary and post-secondary public education at a time when the United States was a land rich but cash poor nation. Once encompassing over 3 million acres, a little less than 77,000 acres (310 km) of the original land grant remains under BCPL's stewardship; these lands are largely forested and therefore harvested for
24:
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to control the school trust corpus. Instead, management of the school trust lands and investment of the school trust funds was vested in a board of three ex officio "Commissioners of Public Lands" which, in accordance with
Article X, Section 7 of the Wisconsin State Constitution, are the duly elected
221:
determined not all of the swampland was needed for drainage purposes. The resulting land grant amounted to some 1,500,000 acres (2,300 sq mi) of public land, of which approximately 70,000 acres (110 sq mi) remain under management. The Normal School Fund was originally intended to
141:
Following the failed adoption by popular referendum of
Wisconsin's first state constitution in April of 1846, a second constitutional convention was convened later that year. The second constitutional convention - as was the first - was bitterly divided on a number of public policy issues, including
158:
at the seat of government, and the elected constitutional office of
Superintendent of Public Instruction to supervise public education in every school district. Perhaps most importantly however, Article X created BCPL to manage and sell all school trust lands granted to the state and to invest the
308:
and private capital to support public schools and the
University of Wisconsin System. As part of its diversified investments, BCPL furthers asset appreciation by issuing loans from the school trust funds to Wisconsin's 3,000-plus municipalities and school districts as part of its State Trust Fund
187:
later added to the Common School Fund's principal by allocating an additional 500,000 acres (780 sq mi) of common school lands. Most of the land grant was quickly sold in BCPL's early years, with only some 7,000 acres (11 sq mi) remaining today. Along with the proceeds of land
242:
The
University Fund was created from congressional grants in 1838 and 1854 of four townships, some 92,000 acres (144 sq mi), to support a land-grant university. Neither Congress nor the Legislature provided for additional revenues to the University Fund following the sale of all but 80
347:. Wisconsin's "land commission model" for independently managing school trust lands and investments proved successful and served as an example to states west of Wisconsin as they gradually joined the Union. In fact, all but a handful of the Western states - including
387:, previously served as Executive Secretary of the BCPL from October 2004 to July 2015. The current Executive Secretary is Tom German, who succeeded his predecessor Jonathan Barry following the latter's retirement on January 4, 2020.
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that accrues to the state. As a result of these sources, the Common School Fund has a market value of over $ 1.4 billion as of
November 2023. Income from the Common School Fund is annually apportioned by the
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sales and trust land revenues, the state constitution also guarantees to the Common School Fund all fines, fees, and forfeitures collected by the counties for violations of the criminal laws, together with
163:. The resulting disposition of the school trust lands, whether by sale or by continued management, constitute what is today an endowment of four school trust funds worth over $ 1.3 billion, the
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for distribution to every school district as school library aid. These annual distributions are the only source of statewide aid for
Wisconsin's public school libraries.
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acres (0.13 sq mi) of the university lands. Interest on trust fund principal is distributed annually from the
University Fund to support the libraries at the
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The three commissioners are supported by an Executive Secretary and a professional staff of civil servants to carry out the day-to-day operations of the agency.
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BCPL is a member of the National Association of State Trust Lands, an organization that represents America's state land commissioners.
1604:"Gov. Evers Appoints Sarah Godlewski to Secretary of State: Secretary La Follette retiring after serving more than 40 years in office"
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The Normal School Fund was created in 1865 from the proceeds of half of the land grant conveyed to Wisconsin by Congress in the
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responsible for investing Wisconsin's school trust funds in support of public education, for managing the state's remaining
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1460:"BCPL Staff Presentation to the Legislative Council Study Committee on the Investment and Use of the School Trust Funds"
894:"BCPL Staff Presentation to the Legislative Council Study Committee on the Investment and Use of the School Trust Funds"
868:"BCPL Staff Presentation to the Legislative Council Study Committee on the Investment and Use of the School Trust Funds"
842:"BCPL Staff Presentation to the Legislative Council Study Committee on the Investment and Use of the School Trust Funds"
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154:. Largely unchanged to this day, Article X provides for, among other matters, a uniform system of public schools, a
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The Agriculture College Fund was created from the proceeds of the land grant allocated to the state by the
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Wisconsin's founders had concerns about the concentration of political power and did not want either the
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BCPL was organized upon statehood to oversee the sale and management of Wisconsin's
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BCPL prudently invests the school trust funds in a diversified portfolio of
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The Common School Fund was created at statehood from the sale of the 16th
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in 1971, the Normal School Fund now primarily finances scholarships and
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183:; this amounted to almost 1,000,000 acres (1,600 sq mi). The
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133:, ratified in 1848, making it Wisconsin's oldest extant state agency.
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1606:. Office of the Governor, State of Wisconsin. March 17, 2023.
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funds arising therefrom subject to constitutionally mandated
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101 E. Wilson Street, 2nd Floor, Madison, Wisconsin 53703
1632:. Wisconsin Board of Commissioners of Public Lands.
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736:Wisconsin Constitution, art. X, secs. 7–8.
1556:"December 17, 2019 Board Meeting Audiorecording"
816:"Wisconsin State Constitutions of 1846 and 1848"
790:"Wisconsin State Constitutions of 1846 and 1848"
725:"Board of Commissioners of Public Lands Contact"
167:of which is inviolate and can never be reduced.
17:Wisconsin Board of Commissioners of Public Lands
1784:State public land agencies in the United States
1462:. Wisconsin State Legislature. pp. 8–11.
1434:"Article X, Section 7, Wisconsin Constitution"
1408:"Article X, Section 8, Wisconsin Constitution"
1580:. National Association of State Trust Lands.
870:. Wisconsin State Legislature. pp. 7–8.
383:, daughter of late governor and U.S. Senator
371:- adopted Wisconsin's land commission model.
8:
1682:"Audiorecording of January 15, 2019 Meeting"
1060:, Wisconsin Department of Public Instruction
947:"Article X, State of Wisconsin Constitution"
16:
1708:"Audiorecording of January 6, 2015 Meeting"
1656:"Audiorecording of January 6, 2023 Meeting"
727:. Bcpl.wisconsin.gov. Retrieved 2022-04-22.
1734:"Audiorecording of March 17, 2015 Meeting"
1710:. Board of Commissioners of Public Lands.
1684:. Board of Commissioners of Public Lands.
1658:. Board of Commissioners of Public Lands.
1630:"Audiorecording of March 21, 2023 Meeting"
1488:. Board of Commissioners of Public Lands.
1362:. Board of Commissioners of Public Lands.
1336:. Board of Commissioners of Public Lands.
1296:. Board of Commissioners of Public Lands.
1270:. Board of Commissioners of Public Lands.
1177:. Board of Commissioners of Public Lands.
1151:. Board of Commissioners of Public Lands.
1125:. Board of Commissioners of Public Lands.
1099:. Board of Commissioners of Public Lands.
1073:. Board of Commissioners of Public Lands.
1003:. Board of Commissioners of Public Lands.
974:. Board of Commissioners of Public Lands.
896:. Wisconsin State Legislature. p. 5.
844:. Wisconsin State Legislature. p. 3.
22:
1764:National Association of State Trust Lands
1322:. Board of Commissioners of Public Lands.
1736:. Board of Commissioners of Public Lands
1558:. Board of Commissioners of Public Lands
1536:. Board of Commissioners of Public Lands
1388:. Board of Commissioners of Public Lands
1032:. Board of Commissioners of Public Lands
952:. Board of Commissioners of Public Lands
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557:
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1789:Government agencies established in 1848
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234:at the University of Wisconsin System.
1759:Board of Commissioners of Public Lands
1010:from the original on December 28, 2021
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115:Board of Commissioners of Public Lands
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770:from the original on November 3, 2022
245:University of Wisconsin–Madison
146:, who would later serve as the first
7:
199:Superintendent of Public Instruction
150:- authored Article X of the present
148:Superintendent of Public Instruction
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317:Agency organization and operations
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1129:from the original on May 27, 2010
1103:from the original on May 27, 2010
978:from the original on May 27, 2010
483:January 3 through March 17, 2023
1799:1848 establishments in Wisconsin
818:. Wisconsin Historical Society.
792:. Wisconsin Historical Society.
1436:. Wisconsin State Legislature.
1410:. Wisconsin State Legislature.
1386:"State Trust Fund Loan Program"
1221:from the original on 2019-03-31
257:Morrill Land-Grant Colleges Act
84:Tom German, Executive Secretary
1254:"Wisconsin Legislature: 24.15"
1240:"Wisconsin Legislature: 24.11"
1051:Wisconsin's Common School Fund
923:Wisconsin Historical Society.
676:, chair (from March 17, 2015)
232:environmental studies programs
228:University of Wisconsin System
137:History and endowment purposes
1:
921:"Death of Eleazer Root, D.D."
222:provide financial support to
1215:"Wisconsin Legislature: X,8"
1201:"Wisconsin Legislature: X,2"
657:, chair (to March 17, 2015)
203:Department of Administration
96:Department of Administration
1779:State agencies of Wisconsin
1360:"Agricultural College Fund"
1149:"Agricultural College Fund"
1815:
106:http://bcpl.wisconsin.gov/
998:"Summary of Trust Assets"
919:Wisconsin State Journal.
766:. Wisconsin Legislature.
391:Professional affiliations
251:Agricultural College Fund
21:
267:Assets under management
179:in each of Wisconsin's
1794:Education in Wisconsin
744:Wisconsin Constitution
215:Swamp Land Act of 1850
131:Wisconsin Constitution
261:land-grant university
117:, otherwise known as
73:$ 1,584,000 (2021-23)
1320:"Normal School Fund"
1294:"Common School Fund"
1268:"School Trust Lands"
1175:"School Trust Lands"
1097:"Normal School Fund"
1071:"Common School Fund"
1030:"Common School Fund"
972:"School Trust Funds"
407:from March 18, 2023
288:Investment portfolio
201:and remitted to the
660:Secretary of State
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583:Secretary of State
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508:Secretary of State
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468:Secretary of State
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1056:2010-01-08 at the
749:2010-07-05 at the
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337:Secretary of State
322:Land commissioners
311:Madison, Wisconsin
282:sustainable timber
278:school trust lands
209:Normal School Fund
194:escheated property
171:Common School Fund
152:state constitution
127:school trust lands
1334:"University Fund"
1123:"University Fund"
709:
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679:Attorney General
635:-2015–2019 term-
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601:Attorney General
559:-2019–2023 term-
556:
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526:Attorney General
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431:Attorney General
404:-2023–2027 term-
399:Board composition
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44:Jurisdiction
39:May 29, 1848
1740:January 17,
1718:January 17,
1692:January 17,
1666:January 17,
764:"Article X"
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540:John Leiber
445:John Leiber
332:Legislature
302:real estate
219:Legislature
1773:Categories
1514:. LinkedIn
1225:2019-03-31
712:References
704:Republican
697:Treasurer
686:Republican
667:Democratic
627:Democratic
620:Treasurer
608:Democratic
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544:Treasurer
533:Democratic
515:Democratic
475:Democratic
456:Republican
449:Treasurer
438:Democratic
381:Tia Nelson
369:Washington
361:New Mexico
306:securities
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522:Josh Kaul
427:Josh Kaul
357:Minnesota
190:unclaimed
181:townships
165:principal
62:Employees
48:Wisconsin
1712:Archived
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1660:Archived
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768:Archived
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353:Arkansas
328:Governor
643:Office
640:Member
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488:Member
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412:Member
349:Arizona
330:or the
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102:Website
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649:Party
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367:, and
343:, and
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