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Senate Bill 1261 Printer's Number 1625

PENNSYLVANIA, April 21 - (A) GENERAL RULE.--THE OFFICE IS AUTHORIZED, UPON

APPLICATION OF ANY FIRE COMPANY OR EMS COMPANY, TO MAKE LOANS

FOR THE FOLLOWING PURPOSES:

(1) ESTABLISHING OR MODERNIZING FACILITIES THAT HOUSE

FIREFIGHTING EQUIPMENT, AMBULANCE OR RESCUE VEHICLES. THE

AMOUNT OF A LOAN FOR ESTABLISHING OR MODERNIZING FACILITIES

MADE TO ANY ONE FIRE COMPANY OR EMS COMPANY SHALL NOT EXCEED

50% OF THE TOTAL COST OF THE FACILITIES OR MODERNIZATION OR

[$450,000] $750,000, WHICHEVER IS LESS, AND A NOTARIZED

FINANCIAL STATEMENT FILED UNDER SUBSECTION (C) SHALL SHOW

THAT THE APPLICANT HAS AVAILABLE 20% OF THE TOTAL COST OF THE

FACILITIES IN UNOBLIGATED FUNDS. PROCEEDS OF THE LOAN SHALL

BE USED ONLY FOR PURPOSES OF STRUCTURE OR LAND ACQUISITION OR

RENOVATION OR CONSTRUCTION AND SHALL NOT BE USED FOR PAYMENT

OF FEES FOR DESIGN, PLANNING, PREPARATION OF APPLICATIONS OR

ANY OTHER COST NOT DIRECTLY ATTRIBUTABLE TO STRUCTURE OR LAND

ACQUISITION OR RENOVATION OR CONSTRUCTION.

(2) PURCHASING FIREFIGHTING APPARATUS, AMBULANCES OR

RESCUE VEHICLES. THE AMOUNT OF A LOAN MADE FOR PURCHASING

FIREFIGHTING APPARATUS TO ANY ONE FIRE COMPANY SHALL NOT

EXCEED [$250,000] $375,000 FOR ANY SINGLE FIREFIGHTING

APPARATUS EQUIPMENT OR UTILITY OR SPECIAL SERVICE VEHICLE OR

HEAVY DUTY RESCUE VEHICLE AS DEFINED BY REGULATION OR

GUIDELINE, OR 50% OF THE TOTAL COST OF THE EQUIPMENT OR

VEHICLE, WHICHEVER IS LESS, EXCEPT FOR LOANS FOR AERIAL

APPARATUS AS DEFINED BY REGULATION OR GUIDELINE, WHICH SHALL

NOT EXCEED [$350,000] $750,000. THE AMOUNT OF A LOAN MADE TO

ANY ONE FIRE COMPANY OR EMS COMPANY FOR ANY AMBULANCE OR

LIGHT DUTY RESCUE VEHICLE AS DEFINED BY REGULATION OR

GUIDELINE SHALL NOT EXCEED [$125,000] $200,000 AND FOR A

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