TITLE 74: PUBLIC FINANCE
CHAPTER VIII: ILLINOIS FINANCE AUTHORITY
PART 1100 ILLINOIS FINANCE AUTHORITY
SECTION 1100.805 PURPOSE


 

Section 1100.805  Purpose

 

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)