TITLE 74: PUBLIC FINANCE
CHAPTER VIII: ILLINOIS FINANCE AUTHORITY
PART 1100 ILLINOIS FINANCE AUTHORITY
SECTION 1100.810 ELIGIBLE EXPENDITURES


 

Section 1100.810  Eligible Expenditures

 

a)         Subject to the availability of funds, loans are available to be made under the Program for zero-interest loans or low-interest loans to applicants for the purchase of fire trucks or brush trucks as deemed eligible under OSFM's administrative rules at 41 Ill. Adm. Code 290.20 and 290.30.

 

b)         Loan proceeds may be used to pay off a loan that was obtained no more than one year prior to the receipt of a loan under this Program if the loan being paid off was obtained to purchase the fire truck or brush truck that is the subject of the application that was approved under this Program.

 

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