Ill. Admin. Code tit. 74 § 1100.900
The following definitions apply in this Subpart:
"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 or operated for the emergency transportation of persons who are sick, injured, wounded or otherwise incapacitated or helpless.
"Applicant" means a unit of local government, including any municipality (i.e., city, village or town), township, township fire department, or special district (including but not limited to those described in 55 ILCS 100/1001 and 60 ILCS 1/195-5 and 200-13) such as a fire protection district or special ambulance service district that operates a fire department or provides fire suppression services itself without contracting those services from another entity, or an entity that provides ambulance services or emergency medical services that does not earn and distribute taxable business earnings to shareholders or principals of the business and is in good standing as a not-for-profit business with the Illinois Secretary of State.
"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.
"Fire Department" means a fire department, fire protection district, or township fire department that is a unit of local government (as defined in Article VII, Section 1 of the Illinois Constitution of 1970 and in 5 ILCS 70/1.28 ) in Illinois that provides fire suppression within a geographical area. For purposes of this Part, "Fire Department" is defined to include volunteer fire departments and volunteer fire protection districts (that are units of local government).
"Fund" means the Ambulance Revolving Loan Fund.
"Funding Date" means the date on which a zero-interest loan or low-interest loan is closed and funded.
"Low-Interest Loan" means a loan with a fixed rate of interest lower than commercially available.
"OSFM" 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 OSFM and the Authority, agreed to and executed loan documentation prepared by the Authority, and closed and funded its ambulance loan.
"Zero-Interest Loan" means a loan bearing a zero percent rate of interest for the duration of the loan.
Ill. Admin. Code tit. 74, § 1100.900
Added at 34 Ill. Reg. 497, effective December 23, 2009