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IL SB3018
Bill
Status
Engrossed
3/26/2026
Primary Sponsor
Patrick Joyce
Click for details
AI Summary
- Maximum fire truck loan amounts increase from $350,000 to $750,000 per truck for fire departments, fire protection districts, and township fire departments.
- Maximum ambulance loan amounts increase from $200,000 to $350,000 for fire departments, fire protection districts, and non-profit ambulance services.
- Loan fund administration shifts from State Treasury special funds to locally held funds established by the Illinois Finance Authority, removing the requirement for legislative appropriation.
- The Fire Truck, Fire Station, and Ambulance Revolving Loan Funds are renamed to include "Illinois Finance Authority" in their titles, with continuing appropriations from State Treasury funds to the Authority.
- Brush truck loans remain capped at $100,000 per truck with tiered interest rates (0-2%) based on whether components are built in Illinois.
Legislative Description
IFA-FIRE TRUCK LOANS
Last Action
Assigned to Revenue & Finance Committee
4/27/2026
Committee Referrals
Revenue & Finance4/27/2026
Rules4/7/2026
Financial Institutions2/10/2026
Assignments1/29/2026
Full Bill Text
No bill text available