Ambulance Loans

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Gov. Rod Blagojevich has signed a law that will help communities buy new ambulances through zero-interest loans provided by the Illinois Finance Authority.

The bill was sponsored in the Legislature by state Senator John Sullivan, a Rushville Democrat, and state Rep. Michael Smith, a Canton Democrat.

It creates a revolving loan program to provide the loans for new ambulances. Fire departments, fire protection districts or non-profit ambulance services will be eligible for the loans, which are available for up to $100,000 and can be repaid over 10 years.

The program will be administered by the Office of the State Fire Marshal and the Illinois Finance Authority. The governor signed the bill into law Saturday.