Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE74. PUBLIC FINANCE |
PART1100. ILLINOIS FINANCE AUTHORITY |
SUBPARTH. FIRE TRUCK REVOLVING LOAN PROGRAM |
§1100.805. Purpose
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a) OSFM and the Authority may jointly administer a Program to provide zero‑interest loans or low-interest loans to eligible applicants to finance or reimburse all or a portion of the cost of purchasing fire trucks or brush trucks, subject to availability of funds.
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 would be ineligible).
(Source: Amended at 39 Ill. Reg. 4924, effective March 19, 2015)