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Trust fund loans to pay for projects in 7 Wis. counties

About $4.3 million in State Trust Fund Loans will help pay for construction and loan refinancing in seven counties, according to a news release from the Board of Commissioners of Public Lands.

The Board of Commissioners of Public Lands approved the loans Tuesday.

The city of Jefferson will receive $866,550, the largest single loan, to help pay for projects in a tax increment financing district. Jefferson will also receive a loan of $286,578.26 to refinance a previous BCPL loan.

The village of Arena, in Iowa County, will receive a loan of $158,022.51 to refinance a previous BCPL loan. The village of Clyman, in Dodge County, will receive a loan of $460,000 to refinance debt.

The village of Eleva, in Trempealeau County, will receive a loan of $400,000 to help pay for street construction and to buy a fire truck.

The city of Manawa, in Waupaca County, will receive a loan of $800,000 to pay for street construction.

The Solon Springs School District, in Douglas County, will receive a loan of $227,430 to help refinance pension liability costs.

The village of Valders, in Manitowoc County, will receive a loan of $250,000 to help pay for a combined senior and community center. Valders will also receive loans of $458,578.47 and $441,132.28 to refinance previous BCPL loans.

The BCPL was created in 1848, according to the release, to manage federal land grants and associated trust funds.

— Beth Kevit

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