§1100.1105. Purpose

a)         OSFM and the Authority may jointly administer a program to provide zero‑interest or low-interest loans to eligible applicants to finance or reimburse all or a portion of the costs associated with the construction, rehabilitation, remodeling or expansion of a fire station or acquisition of land for the construction or expansion of a fire station, subject to the availability of funds.  Loans for the purpose of a fire station shall not exceed $2,000,000 per fire department.

 

b)         For-profit entities, nonprofit entities, associations and/or not-for-profit corporations are not eligible to apply for a loan under this Program.  Units of local government that do not operate fire departments are similarly not eligible (e.g., a municipality that contracts for fire suppression from another municipality or fire protection district).

 

(Source:  Added at 39 Ill. Reg. 4924, effective March 19, 2015)