Bill Text: IL SB2809 | 2015-2016 | 99th General Assembly | Introduced
Bill Title: Amends the Illinois Finance Authority Act. Provides that, in addition to the other uses specified in the Act, the Illinois Finance Authority and the State Fire Marshal may use moneys in the Fire Truck Revolving Loan Fund to make grants and provide zero-interest and low-interest loans to fire departments and law enforcement agencies for emergency dive team personnel and water rescue equipment.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2016-04-08 - Rule 3-9(a) / Re-referred to Assignments [SB2809 Detail]
Download: Illinois-2015-SB2809-Introduced.html
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
1 | AN ACT concerning State government.
| ||||||||||||||||||||||||
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 by | ||||||||||||||||||||||||
5 | changing Section 825-80 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11 | 2003, and repealed by Public Act 93-205, effective January 1, | ||||||||||||||||||||||||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 Marshal. | ||||||||||||||||||||||||
14 | (a-5) For purposes of this Section, "brush truck" means a | ||||||||||||||||||||||||
15 | pickup chassis with or equipped with a flatbed or a pickup box. | ||||||||||||||||||||||||
16 | The truck must be rated by the manufacturer as between | ||||||||||||||||||||||||
17 | three-fourths of a ton and one ton and outfitted with a fire or | ||||||||||||||||||||||||
18 | rescue apparatus. | ||||||||||||||||||||||||
19 | (b) The Authority and the State Fire Marshal may jointly | ||||||||||||||||||||||||
20 | administer a fire truck revolving loan program. The program | ||||||||||||||||||||||||
21 | shall, in instances where sufficient loan funds exist to permit | ||||||||||||||||||||||||
22 | applications to be accepted, provide zero-interest and | ||||||||||||||||||||||||
23 | low-interest loans for the purchase of fire trucks by a fire |
| |||||||
| |||||||
1 | department, a fire protection district, or a township fire | ||||||
2 | department. For the purchase of brush trucks by a fire | ||||||
3 | department, a fire protection district, or a township fire | ||||||
4 | department, the program shall provide loans at a 2% rate of | ||||||
5 | simple interest per year for a brush truck if both the chassis | ||||||
6 | and the apparatus are built outside of Illinois, a 1% rate of | ||||||
7 | simple interest per year for a brush truck if either the | ||||||
8 | chassis or the apparatus is built in Illinois, or a 0% rate of | ||||||
9 | interest for a brush truck if both the chassis and the | ||||||
10 | apparatus are built in Illinois. The Authority shall make loans | ||||||
11 | based on need, as determined by the State Fire Marshal. | ||||||
12 | (b-5) In addition to the uses specified in subsection (b), | ||||||
13 | the Authority and the State Fire Marshal may use moneys in the | ||||||
14 | Fire Truck Revolving Loan Fund to make grants and provide | ||||||
15 | zero-interest and low-interest loans to fire departments and | ||||||
16 | law enforcement agencies for emergency dive team personnel and | ||||||
17 | water rescue equipment. | ||||||
18 | (c) The loan funds, subject to appropriation, shall be paid | ||||||
19 | out of the Fire Truck Revolving Loan Fund, a special fund in | ||||||
20 | the State Treasury. The Fund shall consist of any moneys | ||||||
21 | transferred or appropriated into the Fund, as well as all | ||||||
22 | repayments of loans made under the program and any balance | ||||||
23 | existing in the Fund on the effective date of this Section. The | ||||||
24 | Fund shall be used for loans to fire departments and fire | ||||||
25 | protection districts to purchase fire trucks and brush trucks | ||||||
26 | and for no other purpose. All interest earned on moneys in the |
| |||||||
| |||||||
1 | Fund shall be deposited into the Fund. As soon as practical | ||||||
2 | after January 1, 2013 (the effective date of Public Act | ||||||
3 | 97-901), all moneys in the Fire Truck Revolving Loan Fund shall | ||||||
4 | be paid by the State Fire Marshal to the Authority, and, on and | ||||||
5 | after that date, all future moneys deposited into the Fire | ||||||
6 | Truck Revolving Loan Fund under this Section shall be paid by | ||||||
7 | the State Fire Marshal to the Authority under the continuing | ||||||
8 | appropriation provision of subsection (c-1) of this Section; | ||||||
9 | provided that the Authority and the State Fire Marshal enter | ||||||
10 | into an intergovernmental agreement to use the moneys | ||||||
11 | transferred to the Authority from the Fund solely for the | ||||||
12 | purposes for which the moneys would otherwise be used under | ||||||
13 | this Section and to set forth procedures to otherwise | ||||||
14 | administer the use of the moneys. | ||||||
15 | (c-1) There is hereby appropriated, on a continuing annual | ||||||
16 | basis in each fiscal year, from the Fire Truck Revolving Loan | ||||||
17 | Fund, the amount, if any, of funds received into the Fire Truck | ||||||
18 | Revolving Loan Fund to the State Fire Marshal for payment to | ||||||
19 | the Authority for the purposes for which the moneys would | ||||||
20 | otherwise be used under this Section. | ||||||
21 | (d) A loan for the purchase of fire trucks or brush trucks | ||||||
22 | may not exceed $350,000 to any fire department or fire | ||||||
23 | protection district. A loan for the purchase of brush trucks | ||||||
24 | may not exceed $100,000 per truck. The repayment period for the | ||||||
25 | loan may not exceed 20 years. The fire department or fire | ||||||
26 | protection district shall repay each year at least 5% of the |
| |||||||
| |||||||
1 | principal amount borrowed or the remaining balance of the loan, | ||||||
2 | whichever is less. All repayments of loans shall be deposited | ||||||
3 | into the Fire Truck Revolving Loan Fund. | ||||||
4 | (e) The Authority and the State Fire Marshal may adopt | ||||||
5 | rules in accordance with the Illinois Administrative Procedure | ||||||
6 | Act to administer the program.
| ||||||
7 | (f) Notwithstanding the repeal of Section 3-27 of the Rural | ||||||
8 | Bond Bank Act, all otherwise lawful actions taken on or after | ||||||
9 | January 1, 2004 and before the effective date of this Section | ||||||
10 | by any person under the authority originally granted by that | ||||||
11 | Section 3-27, including without limitation the granting, | ||||||
12 | acceptance, and repayment of loans for the purchase of fire | ||||||
13 | trucks, are hereby validated, and the rights and obligations of | ||||||
14 | all parties to any such loan are hereby acknowledged and | ||||||
15 | confirmed.
| ||||||
16 | (Source: P.A. 97-900, eff. 8-6-12; 97-901, eff. 1-1-13; 98-463, | ||||||
17 | eff. 8-16-13; 98-662, eff. 6-23-14.)
|