Bill Title: Amends the Illinois Finance Authority Act. Provides that the fire truck revolving loan program shall provide loans for the purchase of brush trucks by a fire department, limited to $100,000 per truck. Provides for a 2% rate of interest on loans for the purchase of a brush truck if the chassis and the apparatus are built outside of Illinois, a 1% rate of interest for a brush truck if either the chassis or the apparatus is built in Illinois, or a 0% rate of interest for a brush truck if both the chassis and the apparatus are built in Illinois. Effective immediately.

Spectrum: Bipartisan Bill

Status: (Passed) 2012-06-29 - Public Act . . . . . . . . . 97-0721 [HB1882 Detail]

Text: Latest bill text (Chaptered) [HTML]

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