IFA-FIRE TRUCK LOANS

Illinois General Assembly - Full Text of SB3018

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Full Text of SB3018

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SB3018 - 104th General Assembly

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House Amendment 001

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SB3018 Engrossed
LRB104 20258 HLH 33709 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 changing Sections 825-80, 825-81, and 825-85 as follows:

6

(20 ILCS 3501/825-80)
7

Sec. 825-80.
Fire truck revolving loan program.
8

(a) This Section is a continuation and re-enactment of the
9
fire truck revolving loan program enacted as Section 3-27 of
10
the Rural Bond Bank Act by Public Act 93-35, effective June 24,
11
2003, and repealed by Public Act 93-205, effective January 1,
12
2004. Under the Rural Bond Bank Act, the program was
13
administered by the Rural Bond Bank and the State Fire
14
Marshal.
15

(a-5) For purposes of this Section, "brush truck" means a
16
pickup chassis with or equipped with a flatbed or a pickup box.
17
The truck must be rated by the manufacturer as between
18
three-fourths of a ton and one ton and outfitted with a fire or
19
rescue apparatus.
20

(b) The Authority and the State Fire Marshal may jointly
21
administer a fire truck revolving loan program. The program
22
shall, in instances where sufficient loan funds exist to
23
permit applications to be accepted, provide zero-interest and

SB3018 Engrossed
- 2 -
LRB104 20258 HLH 33709 b
1
low-interest loans for the purchase of fire trucks by a fire
2
department, a fire protection district, or a township fire
3
department. For the purchase of brush trucks by a fire
4
department, a fire protection district, or a township fire
5
department, the program shall provide loans at a 2% rate of
6
simple interest per year for a brush truck if both the chassis
7
and the apparatus are built outside of Illinois, a 1% rate of
8
simple interest per year for a brush truck if either the
9
chassis or the apparatus is built in Illinois, or a 0% rate of
10
interest for a brush truck if both the chassis and the
11
apparatus are built in Illinois. The Authority shall make
12
loans based on need, as determined by the State Fire Marshal.
13

(c) The loan funds
, subject to appropriation,
shall be
14
paid out of the
Illinois Finance Authority
Fire Truck
15
Revolving Loan Fund,
a locally held fund established by the
16
Authority

a special fund in the State Treasury
. The Fund shall
17
consist of any moneys transferred
or appropriated
into the
18
Fund, as well as all repayments of loans made under the program
19
and any balance existing in the Fund on the effective date of
20
this Section
. The Fund shall be used for loans to fire
21
departments and fire protection districts to purchase fire
22
trucks and brush trucks and for no other purpose. All interest
23
earned on moneys in the Fund shall be deposited into the Fund.
24
As soon as practical after January 1, 2013 (the effective date
25
of Public Act 97-901), all moneys in the Fire Truck Revolving
26
Loan Fund shall be paid by the State Fire Marshal to the

SB3018 Engrossed
- 3 -
LRB104 20258 HLH 33709 b
1
Authority, and, on and after that date, all future moneys
2
deposited into the Fire Truck Revolving Loan Fund under this
3
Section shall be paid by the State Fire Marshal to the
4
Authority under the continuing appropriation provision of
5
subsection (c-1) of this Section; provided that the Authority
6
and the State Fire Marshal enter into an intergovernmental
7
agreement to use the moneys transferred to the Authority from
8
the Fund solely for the purposes for which the moneys would
9
otherwise be used under this Section and to set forth
10
procedures to otherwise administer the use of the moneys.

11

(c-1) There is hereby appropriated, on a continuing annual
12
basis in each fiscal year, from the Fire Truck Revolving Loan
13
Fund,
a special fund in the State Treasury,
the amount, if any,
14
of funds received into the Fire Truck Revolving Loan Fund to
15
the State Fire Marshal for payment to the Authority for the
16
purposes for which the moneys would otherwise be used under
17
this Section.
18

(d) A loan for the purchase of fire trucks
or brush trucks

19
may not exceed
$750,000 per truck

$350,000
to any fire
20
department or fire protection district. A loan for the
21
purchase of brush trucks may not exceed $100,000 per truck.
22
The repayment period for the loan may not exceed 20 years. The
23
fire department or fire protection district shall repay each
24
year at least 5% of the principal amount borrowed or the
25
remaining balance of the loan, whichever is less. All
26
repayments of loans shall be deposited into the
Illinois

SB3018 Engrossed
- 4 -
LRB104 20258 HLH 33709 b
1
Finance Authority
Fire Truck Revolving Loan Fund.
2

(e) The Authority and the State Fire Marshal may adopt
3
rules in accordance with the Illinois Administrative Procedure
4
Act to administer the program.
5

(f) Notwithstanding the repeal of Section 3-27 of the
6
Rural Bond Bank Act, all otherwise lawful actions taken on or
7
after January 1, 2004 and before the effective date of this
8
Section by any person under the authority originally granted
9
by that Section 3-27, including without limitation the
10
granting, acceptance, and repayment of loans for the purchase
11
of fire trucks, are hereby validated, and the rights and
12
obligations of all parties to any such loan are hereby
13
acknowledged and confirmed.
14
(Source: P.A. 97-900, eff. 8-6-12; 97-901, eff. 1-1-13;
15
98-463, eff. 8-16-13; 98-662, eff. 6-23-14.)

16

(20 ILCS 3501/825-81)
17

Sec. 825-81.
Fire station revolving loan program.

18

(a) The Authority and the State Fire Marshal may jointly
19
administer a fire station revolving loan program. The program
20
shall, in instances where sufficient loan funds exist to
21
permit applications to be accepted, provide zero-interest and
22
low-interest loans for the construction, rehabilitation,
23
remodeling, or expansion of a fire station or the acquisition
24
of land for the construction or expansion of a fire station by
25
a fire department, a fire protection district, or a township

SB3018 Engrossed
- 5 -
LRB104 20258 HLH 33709 b
1
fire department. Once the program receives funding, the
2
Authority shall make loans based on need, as determined by the
3
State Fire Marshal.
4

(b) The loan funds
, subject to appropriation,
may be paid
5
out of the
Illinois Finance Authority
Fire Station Revolving
6
Loan Fund,
a locally held fund established by the Authority

a
7
special fund in the State treasury
. The Fund may consist of any
8
moneys transferred or appropriated into the Fund, as well as
9
all repayments of loans made under the program. Once the
10
program receives funding, the Fund may be used for loans to
11
fire departments and fire protection districts to construct,
12
rehabilitate, remodel, or expand fire stations or acquire land
13
for the construction or expansion of fire stations and for no
14
other purpose. All interest earned on moneys in the Fund shall
15
be deposited into the Fund.
As soon as practical after the
16
effective date of this amendatory Act of the 97th General
17
Assembly, all moneys in the Fire Station Revolving Loan Fund
18
shall be paid by the State Fire Marshal to the Authority, and,
19
on and after the effective date of this amendatory Act of the
20
97th General Assembly, all future moneys deposited into the
21
Fire Station Revolving Loan Fund under this Section shall be
22
paid by the State Fire Marshal to the Authority under the
23
continuing appropriation provision of subsection (b-1) of this
24
Section; provided that the Authority and the State Fire
25
Marshal enter into an intergovernmental agreement to use the
26
moneys paid by the State Fire Marshal to the Authority from the

SB3018 Engrossed
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LRB104 20258 HLH 33709 b
1
Fund solely for the purposes for which the moneys would
2
otherwise be used under this Section and to set forth
3
procedures to otherwise administer the use of the moneys.
4

(b-1) There is hereby appropriated, on a continuing annual
5
basis in each fiscal year, from the Fire Station Revolving
6
Loan Fund,
a special fund in the State Treasury,
the amount, if
7
any, of funds received into the Fire Station Revolving Loan
8
Fund to the State Fire Marshal for payment to the Authority for
9
the purposes for which the moneys would otherwise be used
10
under this Section.
11

(c) A loan under the program may not exceed $2,000,000 to
12
any fire department or fire protection district. The repayment
13
period for the loan may not exceed 25 years. The fire
14
department or fire protection district shall repay each year
15
at least 4% of the principal amount borrowed or the remaining
16
balance of the loan, whichever is less. All repayments of
17
loans shall be deposited into the Fire Station Revolving Loan
18
Fund.
19

(d) The Authority and the State Fire Marshal may adopt
20
rules in accordance with the Illinois Administrative Procedure
21
Act to administer the program.
22
(Source: P.A. 96-135, eff. 8-7-09; 96-1172, eff. 7-22-10;
23
97-901, eff. 1-1-13.)

24

(20 ILCS 3501/825-85)
25

Sec. 825-85.
Ambulance revolving loan program.

SB3018 Engrossed
- 7 -
LRB104 20258 HLH 33709 b
1

(a) The Authority and the State Fire Marshal may jointly
2
administer an ambulance revolving loan program. The program
3
shall, in instances where sufficient loan funds exist to
4
permit applications to be accepted, provide zero-interest and
5
low-interest loans for the purchase of ambulances by a fire
6
department, a fire protection district, a township fire
7
department, or a non-profit ambulance service. The Authority
8
shall make loans based on need, as determined by the State Fire
9
Marshal.
10

(b) The loan funds
, subject to appropriation,
shall be
11
paid out of the
Illinois Finance Authority
Ambulance Revolving
12
Loan Fund,
a locally held fund established by the Authority

a
13
special fund in the State treasury
. The Fund shall consist of
14
any moneys transferred
or appropriated
into the Fund, as well
15
as all repayments of loans made under the program. The Fund
16
shall be used for loans to fire departments, fire protection
17
districts, and non-profit ambulance services to purchase
18
ambulances and for no other purpose. All interest earned on
19
moneys in the Fund shall be deposited into the Fund.
As soon as
20
practical after the effective date of this amendatory Act of
21
the 97th General Assembly, all moneys in the Ambulance
22
Revolving Loan Fund shall be paid by the State Fire Marshal to
23
the Authority, and, on and after the effective date of this
24
amendatory Act of the 97th General Assembly, all future moneys
25
deposited into the Ambulance Revolving Loan Fund under this
26
Section shall be paid by the State Fire Marshal to the

SB3018 Engrossed
- 8 -
LRB104 20258 HLH 33709 b
1
Authority under the continuing appropriation provision of
2
subsection (b-1) of this Section; provided that the Authority
3
and the State Fire Marshal enter into an intergovernmental
4
agreement to use the moneys transferred to the Authority from
5
the Fund solely for the purposes for which the moneys would
6
otherwise be used under this Section and to set forth
7
procedures to otherwise administer the use of the moneys.
8

(b-1) There is hereby appropriated, on a continuing annual
9
basis in each fiscal year, from the Ambulance Revolving Loan
10
Fund,
a special fund in the State Treasury,
the amount, if any,
11
of funds received into the Ambulance Revolving Loan Fund to
12
the State Fire Marshal for payment to the Authority for the
13
purposes for which the moneys would otherwise be used under
14
this Section.
15

(c) A loan for the purchase of ambulances may not exceed
16
$350,000

$200,000
to any fire department, fire protection
17
district, or non-profit ambulance service. The repayment
18
period for the loan may not exceed 10 years. The fire
19
department, fire protection district, or non-profit ambulance
20
service` shall repay each year at least 5% of the principal
21
amount borrowed or the remaining balance of the loan,
22
whichever is less. All repayments of loans shall be deposited
23
into the
Illinois Finance Authority
Ambulance Revolving Loan
24
Fund.
25

(d) The Authority and the State Fire Marshal may adopt
26
rules in accordance with the Illinois Administrative Procedure

SB3018 Engrossed
- 9 -
LRB104 20258 HLH 33709 b
1
Act to administer the program.
2
(Source: P.A. 100-152, eff. 1-1-18
.)

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