Well, technically it kind of does. So what we have as part of the funds we manage, we have what's called the municipal loan program. And The BCPL gives out loans to municipalities, school districts, counties around the state to help cover unexpected expenses or capital improvements. or a fire truck, things of that nature. And because we charge interest on that, we make income on that. So we are able to distribute money to schools from that. (02:04–02:16)
CLAIM
Asserts that BCPL provides loans to local governments for expenses and improvements.
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