SB 3018

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Full Text of SB3018
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	SB3018 - 104th General Assembly
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			House Amendment 001
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		House Amendment 001
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		SB3018 Engrossed		LRB104 20258 HLH 33709 b
1    AN ACT concerning finance.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The Illinois Finance Authority Act is amended
5by changing Sections 825-80, 825-81, and 825-85 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
9fire truck revolving loan program enacted as Section 3-27 of
10the Rural Bond Bank Act by Public Act 93-35, effective June 24,
112003, and repealed by Public Act 93-205, effective January 1,
122004. Under the Rural Bond Bank Act, the program was
13administered by the Rural Bond Bank and the State Fire
14Marshal.
15    (a-5) For purposes of this Section, "brush truck" means a
16pickup chassis with or equipped with a flatbed or a pickup box.
17The truck must be rated by the manufacturer as between
18three-fourths of a ton and one ton and outfitted with a fire or
19rescue apparatus.
20    (b) The Authority and the State Fire Marshal may jointly
21administer a fire truck revolving loan program. The program
22shall, in instances where sufficient loan funds exist to
23permit applications to be accepted, provide zero-interest and
		SB3018 Engrossed	- 2 -	LRB104 20258 HLH 33709 b
1low-interest loans for the purchase of fire trucks by a fire
2department, a fire protection district, or a township fire
3department. For the purchase of brush trucks by a fire
4department, a fire protection district, or a township fire
5department, the program shall provide loans at a 2% rate of
6simple interest per year for a brush truck if both the chassis
7and the apparatus are built outside of Illinois, a 1% rate of
8simple interest per year for a brush truck if either the
9chassis or the apparatus is built in Illinois, or a 0% rate of
10interest for a brush truck if both the chassis and the
11apparatus are built in Illinois. The Authority shall make
12loans based on need, as determined by the State Fire Marshal.
13    (c) The loan funds[, subject to appropriation,] shall be
14paid out of the Illinois Finance Authority Fire Truck
15Revolving Loan Fund, a locally held fund established by the 
16Authority [a special fund in the State Treasury]. The Fund shall
17consist of any moneys transferred [or appropriated] into the
18Fund, as well as all repayments of loans made under the program
19[and any balance existing in the Fund on the effective date of ]
20[this Section]. The Fund shall be used for loans to fire
21departments and fire protection districts to purchase fire
22trucks and brush trucks and for no other purpose. All interest
23earned on moneys in the Fund shall be deposited into the Fund.
24[As soon as practical after January 1, 2013 (the effective date ]
25[of Public Act 97-901), all moneys in the Fire Truck Revolving ]
26[Loan Fund shall be paid by the State Fire Marshal to the ]
		SB3018 Engrossed	- 3 -	LRB104 20258 HLH 33709 b
1[Authority, and, on and after that date, all future moneys ]
2[deposited into the Fire Truck Revolving Loan Fund under this ]
3[Section shall be paid by the State Fire Marshal to the ]
4[Authority under the continuing appropriation provision of ]
5[subsection (c-1) of this Section; provided that the Authority ]
6[and the State Fire Marshal enter into an intergovernmental ]
7[agreement to use the moneys transferred to the Authority from ]
8[the Fund solely for the purposes for which the moneys would ]
9[otherwise be used under this Section and to set forth ]
10[procedures to otherwise administer the use of the moneys.]
11    (c-1) There is hereby appropriated, on a continuing annual
12basis in each fiscal year, from the Fire Truck Revolving Loan
13Fund, a special fund in the State Treasury, the amount, if any,
14of funds received into the Fire Truck Revolving Loan Fund to
15the State Fire Marshal for payment to the Authority for the
16purposes for which the moneys would otherwise be used under
17this Section.
18    (d) A loan for the purchase of fire trucks [or brush trucks]
19may not exceed $750,000 per truck [$350,000] to any fire
20department or fire protection district. A loan for the
21purchase of brush trucks may not exceed $100,000 per truck.
22The repayment period for the loan may not exceed 20 years. The
23fire department or fire protection district shall repay each
24year at least 5% of the principal amount borrowed or the
25remaining balance of the loan, whichever is less. All
26repayments of loans shall be deposited into the Illinois 
		SB3018 Engrossed	- 4 -	LRB104 20258 HLH 33709 b
1Finance Authority Fire Truck Revolving Loan Fund.
2    (e) The Authority and the State Fire Marshal may adopt
3rules in accordance with the Illinois Administrative Procedure
4Act to administer the program.
5    (f) Notwithstanding the repeal of Section 3-27 of the
6Rural Bond Bank Act, all otherwise lawful actions taken on or
7after January 1, 2004 and before the effective date of this
8Section by any person under the authority originally granted
9by that Section 3-27, including without limitation the
10granting, acceptance, and repayment of loans for the purchase
11of fire trucks, are hereby validated, and the rights and
12obligations of all parties to any such loan are hereby
13acknowledged and confirmed.
14(Source: P.A. 97-900, eff. 8-6-12; 97-901, eff. 1-1-13;
1598-463, eff. 8-16-13; 98-662, eff. 6-23-14.)
16    (20 ILCS 3501/825-81)
17    Sec. 825-81. Fire station revolving loan program.
18    (a) The Authority and the State Fire Marshal may jointly
19administer a fire station revolving loan program. The program
20shall, in instances where sufficient loan funds exist to
21permit applications to be accepted, provide zero-interest and
22low-interest loans for the construction, rehabilitation,
23remodeling, or expansion of a fire station or the acquisition
24of land for the construction or expansion of a fire station by
25a fire department, a fire protection district, or a township
		SB3018 Engrossed	- 5 -	LRB104 20258 HLH 33709 b
1fire department. Once the program receives funding, the
2Authority shall make loans based on need, as determined by the
3State Fire Marshal.
4    (b) The loan funds[, subject to appropriation,] may be paid
5out of the Illinois Finance Authority Fire Station Revolving
6Loan Fund, a locally held fund established by the Authority [a ]
7[special fund in the State treasury]. The Fund may consist of any
8moneys transferred or appropriated into the Fund, as well as
9all repayments of loans made under the program. Once the
10program receives funding, the Fund may be used for loans to
11fire departments and fire protection districts to construct,
12rehabilitate, remodel, or expand fire stations or acquire land
13for the construction or expansion of fire stations and for no
14other purpose. All interest earned on moneys in the Fund shall
15be deposited into the Fund. [As soon as practical after the ]
16[effective date of this amendatory Act of the 97th General ]
17[Assembly, all moneys in the Fire Station Revolving Loan Fund ]
18[shall be paid by the State Fire Marshal to the Authority, and, ]
19[on and after the effective date of this amendatory Act of the ]
20[97th General Assembly, all future moneys deposited into the ]
21[Fire Station Revolving Loan Fund under this Section shall be ]
22[paid by the State Fire Marshal to the Authority under the ]
23[continuing appropriation provision of subsection (b-1) of this ]
24[Section; provided that the Authority and the State Fire ]
25[Marshal enter into an intergovernmental agreement to use the ]
26[moneys paid by the State Fire Marshal to the Authority from the ]
		SB3018 Engrossed	- 6 -	LRB104 20258 HLH 33709 b
1[Fund solely for the purposes for which the moneys would ]
2[otherwise be used under this Section and to set forth ]
3[procedures to otherwise administer the use of the moneys.]
4    (b-1) There is hereby appropriated, on a continuing annual
5basis in each fiscal year, from the Fire Station Revolving
6Loan Fund, a special fund in the State Treasury, the amount, if
7any, of funds received into the Fire Station Revolving Loan
8Fund to the State Fire Marshal for payment to the Authority for
9the purposes for which the moneys would otherwise be used
10under this Section.
11    (c) A loan under the program may not exceed $2,000,000 to
12any fire department or fire protection district. The repayment
13period for the loan may not exceed 25 years. The fire
14department or fire protection district shall repay each year
15at least 4% of the principal amount borrowed or the remaining
16balance of the loan, whichever is less. All repayments of
17loans shall be deposited into the Fire Station Revolving Loan
18Fund.
19    (d) The Authority and the State Fire Marshal may adopt
20rules in accordance with the Illinois Administrative Procedure
21Act to administer the program.
22(Source: P.A. 96-135, eff. 8-7-09; 96-1172, eff. 7-22-10;
2397-901, eff. 1-1-13.)
24    (20 ILCS 3501/825-85)
25    Sec. 825-85. Ambulance revolving loan program.
		SB3018 Engrossed	- 7 -	LRB104 20258 HLH 33709 b
1    (a) The Authority and the State Fire Marshal may jointly
2administer an ambulance revolving loan program. The program
3shall, in instances where sufficient loan funds exist to
4permit applications to be accepted, provide zero-interest and
5low-interest loans for the purchase of ambulances by a fire
6department, a fire protection district, a township fire
7department, or a non-profit ambulance service. The Authority
8shall make loans based on need, as determined by the State Fire
9Marshal.
10    (b) The loan funds[, subject to appropriation,] shall be
11paid out of the Illinois Finance Authority Ambulance Revolving
12Loan Fund, a locally held fund established by the Authority [a ]
13[special fund in the State treasury]. The Fund shall consist of
14any moneys transferred [or appropriated] into the Fund, as well
15as all repayments of loans made under the program. The Fund
16shall be used for loans to fire departments, fire protection
17districts, and non-profit ambulance services to purchase
18ambulances and for no other purpose. All interest earned on
19moneys in the Fund shall be deposited into the Fund. [As soon as ]
20[practical after the effective date of this amendatory Act of ]
21[the 97th General Assembly, all moneys in the Ambulance ]
22[Revolving Loan Fund shall be paid by the State Fire Marshal to ]
23[the Authority, and, on and after the effective date of this ]
24[amendatory Act of the 97th General Assembly, all future moneys ]
25[deposited into the Ambulance Revolving Loan Fund under this ]
26[Section shall be paid by the State Fire Marshal to the ]
		SB3018 Engrossed	- 8 -	LRB104 20258 HLH 33709 b
1[Authority under the continuing appropriation provision of ]
2[subsection (b-1) of this Section; provided that the Authority ]
3[and the State Fire Marshal enter into an intergovernmental ]
4[agreement to use the moneys transferred to the Authority from ]
5[the Fund solely for the purposes for which the moneys would ]
6[otherwise be used under this Section and to set forth ]
7[procedures to otherwise administer the use of the moneys.]
8    (b-1) There is hereby appropriated, on a continuing annual
9basis in each fiscal year, from the Ambulance Revolving Loan
10Fund, a special fund in the State Treasury, the amount, if any,
11of funds received into the Ambulance Revolving Loan Fund to
12the State Fire Marshal for payment to the Authority for the
13purposes for which the moneys would otherwise be used under
14this Section.
15    (c) A loan for the purchase of ambulances may not exceed
16$350,000 [$200,000] to any fire department, fire protection
17district, or non-profit ambulance service. The repayment
18period for the loan may not exceed 10 years. The fire
19department, fire protection district, or non-profit ambulance
20service` shall repay each year at least 5% of the principal
21amount borrowed or the remaining balance of the loan,
22whichever is less. All repayments of loans shall be deposited
23into the Illinois Finance Authority Ambulance Revolving Loan
24Fund.
25    (d) The Authority and the State Fire Marshal may adopt
26rules in accordance with the Illinois Administrative Procedure
		SB3018 Engrossed	- 9 -	LRB104 20258 HLH 33709 b
1Act to administer the program.
2(Source: P.A. 100-152, eff. 1-1-18.)