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Synopsis As Introduced Amends the Illinois Finance Authority Act. Provides for an ambulance revolving loan program. Provides for joint administration of the program by the Illinois Finance Authority and the State Fire Marshal. Amends the State Finance Act to create the Ambulance Revolving Loan Fund. Effective immediately.
House Floor Amendment No. 1 Includes non-profit ambulance services among those eligible to receive loans to purchase ambulances.
Fiscal Note (Illinois Finance Authority)
The cost to the State will be the size of the appropriation made by the State to establish the Fund.
State Debt Impact Note (Commission on Gov't Forecasting and Accountability)
HB 4965 would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness.
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