SB3018 - 104th General Assembly (2025-2026)

IFA-FIRE TRUCK LOANS
Last Action
2/10/2026 - Senate: Assigned to Financial Institutions
Senate Sponsors
Sen. Patrick J. Joyce
Hearings
Financial Institutions Hearing Feb 25 2026 10:00AM Capitol 212 Springfield, IL
Statutes Amended In Order of Appearance
20 ILCS 3501/825-80  
20 ILCS 3501/825-81  
20 ILCS 3501/825-85  
Synopsis As Introduced
Amends the Illinois Finance Authority Act. Makes changes concerning the fire truck revolving loan program, the fire station revolving loan program, and the ambulance revolving loan program. Provides that those loans shall be paid out of certain locally held funds established by the Illinois Finance Authority. Provides that loans for the purchase of fire trucks may not exceed $750,000 per truck. Provides that loans for the purchase of ambulances may not exceed $350,000 to any fire department, fire protection district, or non-profit ambulance service. Makes other changes.
Actions
DateChamberAction
1/29/2026SenateFiled with Secretary by Sen. Patrick J. Joyce
1/29/2026SenateFirst Reading
1/29/2026SenateReferred to Assignments
2/10/2026SenateAssigned to Financial Institutions