Illinois Administrative Code
Title 41 - FIRE PROTECTION
Part 292 - AMBULANCE REVOLVING LOAN PROGRAM
Section 292.10 - Definitions

The following definitions are used in this Part:

"Ambulance" means an on-road vehicle that is specifically designed, constructed or modified and equipped, and is intended to be used for, and is maintained and operated for, the emergency transportation of persons who are sick, injured, wounded or otherwise incapacitated or helpless.

"Applicant" means a not-for-profit emergency medical service provider or a unit of local government (township fire department, fire protection district or municipal fire department) that provides emergency medical service within a geographical area. Applicants may be either paid or volunteer not-for-profit or governmental emergency medical service providers.

"Authority" means the Illinois Finance Authority created by the Illinois Finance Authority Act [20 ILCS 3501 ] or its successor agency.

"Board" means the governing body of the entity receiving the loan.

"Committee" means the Loan Application Review Committee established in Section 292.40.

"Funding date" means the date on which a zero-interest or low-interest loan is closed and funded.

"Low-interest loan" means a loan with a rate of interest lower than commercially available.

"Office" means the Office of the State Fire Marshal.

"Program" means the Illinois Ambulance Revolving Loan Program.

"Recipient" means an applicant that has successfully applied for and received all required approvals from the Office and the Authority, agreed to and executed loan documentation prepared by the Authority, and closed and funded its ambulance loan.