Ill. Admin. Code tit. 74 § 1100.1105

Current through Register Vol. 48, No. 45, November 8, 2024

Section 1100.1105 - Purpose

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).

Ill. Admin. Code tit. 74, § 1100.1105

Added at 39 Ill. Reg. 4924, effective 3/19/2015