Section 290.30  Eligible Expenditures

The Program provides zero-interest loans or low-interest loans to fire departments to finance or reimburse the purchase of fire trucks or brush trucks up to a maximum of $350,000 per department per fiscal year.  Loans to fire departments for brush trucks shall not exceed $100,000 per truck per fiscal year [20 ILCS 3501/825-80].  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. 5783, effective April 7, 2015)