www.illinois.gov

Pat Quinn, Governor

State Links Skip to Content Skip to State Links

 Government
 Business
 Employment
 Education
 Health & Safety
 Family & Home
 Travel & Recreation
 About Illinois
 Illinois.gov

Stay Informed

Your Government


[Search Tips]

Illinois Flag Honors

Inspector General


 IGNN: State/All Press Release

ILLINOIS NEWS
The State of Illinois News page provides access to the Illinois Government News Network and all state press releases.


FOR IMMEDIATE RELEASE
February 1, 2004

June bill signed by Blagojevich nets $10 million to purchase fire trucks
State Fire Marshal seeking fire truck revolving loan applicants

SPRINGFIELD, IL – Illinois Fire Departments have a new and better way of purchasing their much-needed fire equipment thanks to a law signed by Governor Rod Blagojevich in June that created the Fire Truck Revolving Loan Program. Today the Office of the State Fire Marshal (OSFM) is inviting Illinois fire departments to qualify for the nation’s only zero-interest loan program. The $10 million program aids fire departments to purchase new trucks and will focus on the local fire departments most in need of equipment.
 
In June, the governor signed HB 115, which was sponsored by state Reps. Michael Smith, D-Canton, and Don Moffit, R-Gilson.
                       
Under the new Fire Truck Revolving Loan Fund, local fire departments can help ease their financial cost of buying equipment necessary to adequately run a fire department. Pumper trucks, the type of vehicles used by most fire departments in smaller communities, cost between $200,000 and $250,000 – an amount that is prohibitively expensive for many fire departments.
 
State Fire Marshal staff worked with members of the fire service and banking communities to write the application and review process for the Revolving Fire Truck Loan program, which will provide zero-interest loans of up to $250,000 to fire departments or fire protection districts for the purchase of new fire trucks. The loans must be repaid at a rate of at least five percent a year for total payoff within 20 years. The loan application review process weighs factors, such as, population served, area covered by a fire department or fire protection districts, age and condition of fire trucks and many other factors to objectively award the loans.
 
"Not all departments can afford the fire equipment needed to protect their communities," said Fire Marshal Peter Viña. "This unique program gives less fortunate fire departments the ability to purchase the fire equipment they need to do their jobs."


###

News Categories

 State/All
 Governor's Office
 Lt. Governor's Office
 Agriculture
 Budget/Fiscal
 Business
 Children/Families
 Culture
 Disabilities
 Economic Development
 Education
 Environment
 Flag Honors
 Health/Human Services
 History
 Infrastructure
 Opportunity Returns
 Recovery
 Safety/Security
 Technology
 Tourism/Recreation
 Transportation
 Workforce/Jobs

News Resources

 Search the News
 IIS Radio News
 RSS News Feeds
 e-News Subscriptions
 Communications Office
 Privacy Statement

Features

Sign up for an e-news subscription
Copyright © 2014 State of Illinois Site Map | Illinois Privacy Info | Kids Privacy | Web Accessibility | Contact Us