Illinois Administrative Code
Title 74 - PUBLIC FINANCE
Part 1100 - ILLINOIS FINANCE AUTHORITY
Subpart K - FIRE STATION REVOLVING LOAN PROGRAM
Section 1100.1105 - Purpose

Universal Citation: 74 IL Admin Code ยง 1100.1105

Current through Register Vol. 48, No. 52, December 27, 2024

a) OSFM and the Authority may jointly administer a program to provide zero-interest or low-interest loans to eligible applicants to finance or reimburse all or a portion of the costs associated with the construction, rehabilitation, remodeling or expansion of a fire station or acquisition of land for the construction or expansion of a fire station, subject to the availability of funds. Loans for the purpose of a fire station shall not exceed $2,000,000 per fire department.

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).

Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.