Earlier this year at WBA’s annual Capitol Day, one of the items we requested from the legislature was to form a Legislative Council Study Committee to look into all the areas where the state might compete with the private sector when it comes to lending. Thanks to your help, we were successful in getting a committee established, albeit not in as wide of a scope as we had originally requested.

What’s a Study Committee?

The Legislative Council is the service agency that provides legal guidance and support to the legislature in Wisconsin. In eeven-numbered years, the Joint Legislative Council Committee creates study committees to do look deeper into issues in Wisconsin. The Legislative Council coordinates and organizes the committees.  The committees were recently established for the 2018 year and include:

  • Legislative Council Study Committee on Alcohol Beverages Enforcement
  • Legislative Council Study Committee on Bail and Conditions of Pretrial Release
  • Legislative Council Study Committee on Child Placement and Support
  • Legislative Council Study Committee on Direct Primary Care
  • Legislative Council Study Committee on Minor Guardianships
  • Legislative Council Study Committee on Property Tax Assessment Practices
  • Legislative Council Study Committee on the Identification and Management of Dyslexia
  • Legislative Council Study Committee on the Investment and Use of the School Trust Funds
  • Legislative Council Study Committee on the Use of Police Body Cameras
  • Special Committee on State-Tribal Relations

Study committee membership includes legislators and members of the public active in the area under consideration.

Legislative Council Study Committee on the Investment and Use of the School Trust Funds

What came out of WBA’s request was a committee that is focusing on the Board of Commissioners of Public Lands. The Study Committee is directed to review the statutes governing the investment of the trust funds administered by the Board of Commissioners of Public Lands (BCPL), including the loan programs administered by BCPL. The Study Committee shall assess whether current statutes adequately ensure the effective investment and appropriate use of the proceeds of the funds, and recommend legislation for necessary changes.

The Committee is chaired by Representative Terry Katsma (R-Oostburg) and the vice-chair is Senator Lena Taylor (D-Milwaukee). Other legislators on the committee include Senator Duey Stroebel (R-Saukville) and Representative Don Vruwink (D-Milton).

Public members include:

  • Steve Eager – CEO of Union Bank & Trust Company, Evansville
  • Kim Bannigan – DeForest Area School District
  • Steve O’Malley – LaCrosse County Administrator
  • Jerry Derr – Dane County Towns Association
  • Don Merkes – Mayor of Menasha

The first meeting will be Thursday, August 16 at the State Capitol.