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HB1567 • 2026
FINANCE-SQUAD CAR PROGRAM
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
FINANCE-SQUAD CAR PROGRAM
Added Co-Sponsor Rep. Nicolle Grasse
Added Co-Sponsor Rep. Camille Y. Lilly
Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Rick Ryan
To Tax Policy: Income Tax Subcommittee
Assigned to Revenue & Finance Committee
Added Co-Sponsor Rep. Curtis J. Tarver, II
Added Chief Co-Sponsor Rep. Patrick Sheehan
Chief Co-Sponsor Changed to Rep. Patrick Sheehan
Rule 19(a) / Re-referred to Rules Committee
To Tax Policy: Income Tax Subcommittee
Assigned to Revenue & Finance Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Dave Vella
FINANCE-SQUAD CAR PROGRAM
Illinois General Assembly - Full Text of HB1567 Select Language × The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein. Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet. The English language version is always the official and authoritative version of this website. NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window. 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Full Text of HB1567 Home Legislation Full Text HB1567 - 104th General Assembly Bill Status Full Text Votes Witness Slips Select Menu Bill Status Full Text Votes Witness Slips Printer Friendly Version Introduced Printer Friendly Version Introduced Open PDF 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB1567 Introduced 1/28/2025, by Rep. Dave Vella SYNOPSIS AS INTRODUCED: 20 ILCS 3501/825-120 new 30 ILCS 105/5.1030 new Amends the Illinois Finance Authority Act. Provides that the Illinois Finance Authority and the Illinois Law Enforcement Training and Standards Board may jointly administer a squad car revolving loan program. Creates the Squad Car Revolving Loan Fund. Provides that loans under the program shall be paid out of the Squad Car Revolving Loan Fund. Amends the State Finance Act to make conforming changes. LRB104 05969 HLH 16002 b A BILL FOR HB1567 LRB104 05969 HLH 16002 b 1 AN ACT concerning finance. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Illinois Finance Authority Act is amended 5 by adding Section 825-120 as follows: 6 (20 ILCS 3501/825-120 new) 7 Sec. 825-120. Squad Car Revolving Loan Program. 8 (a) The Illinois Finance Authority and the Illinois Law 9 Enforcement Training and Standards Board may jointly 10 administer a squad car revolving loan program. The program 11 shall, in instances where sufficient loan funds exist to 12 permit applications to be accepted, provide zero-interest 13 loans for the purchase of squad cars by local Illinois law 14 enforcement agencies. The Authority shall make loans based on 15 need, as determined by the Illinois Law Enforcement Training 16 and Standards Board. 17 (b) The loan funds shall be paid, subject to 18 appropriation, out of the Squad Car Revolving Loan Fund, a 19 special fund in the State Treasury. The Squad Car Revolving 20 Loan Fund shall consist of any moneys transferred or 21 appropriated into the Squad Car Revolving Loan Fund and all 22 repayments of loans made under the squad car revolving loan 23 program. The Squad Car Revolving Loan Fund shall be used for HB1567 - 2 - LRB104 05969 HLH 16002 b 1 loans to local Illinois law enforcement agencies to purchase 2 squad cars and for no other purpose. All interest earned on 3 moneys in the Fund shall be deposited into the Fund. 4 (c) No local Illinois law enforcement agency may receive a 5 loan under this Section that exceeds $250,000. No local 6 Illinois law enforcement agency is eligible for a second or 7 subsequent loan under this Section until that local Illinois 8 law enforcement agency has repaid at least 50% of the amount 9 borrowed under the terms of each of the previous loans awarded 10 to the local Illinois law enforcement agency under this 11 Section. The repayment period for the loan may not exceed 5 12 years. The local Illinois law enforcement agency shall repay 13 each year at least 20% of the principal amount borrowed or the 14 remaining balance of the loan, whichever is less. All 15 repayments of loans under this Section shall be deposited into 16 the Squad Car Revolving Loan Fund. 17 (d) The Authority, in consultation with the Illinois Law 18 Enforcement Training and Standards Board, may adopt rules to 19 administer this Section. 20 (e) As used in this Section: 21 "Local Illinois law enforcement agency" means an agency of 22 any municipality or county that is vested by law or ordinance 23 with the duty to maintain public order and to enforce criminal 24 laws or ordinances. 25 Section 10. The State Finance Act is amended by adding HB1567 - 3 - LRB104 05969 HLH 16002 b 1 Section 5.1030 as follows: 2 (30 ILCS 105/5.1030 new) 3 Sec. 5.1030. The Squad Car Revolving Loan Fund. Footer Disclaimer This site is maintained for the Illinois General Assembly by the Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706. Contact ILGA Webmaster ILGA.gov uses cookies to ensure you get the best experience on our website. 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