Eau Claire native and newly elected state Treasurer Sarah Godlewski recently was unanimously voted chairwoman of the state Board of Commissioners of Public Lands.
The BCPL oversees four trust funds worth almost $1.2 billion that benefit K-12 public school libraries and technology, and the 2018 distributions from the Common School fund were $35.7 million.
As chairwoman, Godlewski outlined in a news release how she planned to play an active role in short- and long-term investment strategies.
“I am looking forward to using my investment expertise to identify new opportunities that will benefit Wisconsinites while ensuring sound financial returns for our state’s public schools,” Godlewski said in the release.
One of the BCPL investment programs is the State Trust Fund Loan Program, which lends to municipalities and school districts for community projects such as economic development, infrastructure improvement and unfunded pension liabilities. In the past biennium, the fund has invested more than $340 million in Wisconsin communities.
“The State Trust Fund Loan Program helps communities across Wisconsin, and I’m excited to explore ways we can further help local governments through lending opportunities for renewable energy and addressing climate change,” Godlewski said.
The BCPL operates entirely on program revenue, without taxpayer money, and distributes 96 cents to the dollar.
Established in 1848 by the state Constitution, the BCPL consists of three commissioners: Godlewski, Secretary of State Doug La Follette and Attorney General Josh Kaul.