State approves fire department loans

Lincoln to receive quarter-million-dollar loan

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[September 01, 2007]  SPRINGFIELD -- Gov. Rod R. Blagojevich announced Friday that 10 fire departments have been selected to receive a total of nearly $1.9 million in no-interest loans to purchase much-needed vehicles through the state's Fire Truck Revolving Loan Program. This is the second phase of a loan program that has already helped 63 fire departments.

The Fire Truck Revolving Loan Program, administered by the Office of the State Fire Marshal, provides no-interest, 20-year loans to local fire departments and fire protection districts. The maximum loan award is $250,000. The loan program was created by legislation signed by Blagojevich in 2003. In August 2004, 63 fire departments were selected to receive the initial revolving loans. Payments on those loans go into the revolving loan fund and were used for this latest round of loans.

Loan recipients were chosen from more than 70 applications submitted to the Office of the State Fire Marshal. A nine-member review committee comprising representatives of the banking industry and the fire services conducted a blind review of the applications and selected recipients on the basis of need.

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Loan recipients and their loans amounts are as follows:

• Chatsworth Fire Protection District:
  $191.457.30

• Deer Creek Fire Protection District:
  $180,000

• Kenney Fire Protection District:
  $95,000

• Lincoln Fire Department:
  $250,000

• Papineau Fire Protection District:
  $27,500

• Pittsfield Fire Department:
  $225,000

• Port Byron Fire Department:
  $250,000

• Savanna Fire Department:
  $199,607

• Williamson County Fire Protection District:
  $225,000

• Wood River Fire Department:
  $250,000

[Text from file received from the Illinois Office of Communication and Information]

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