Section 292.30  Eligible Expenditures

The Program provides zero-interest loans or low-interest loans to applicants to finance or reimburse the purchase of ambulances up to a maximum of $200,000 per recipient per fiscal year [20 ILCS 3501/825-85]. Loan proceeds may be used to pay off a loan that was obtained no more than one year prior to the receipt of a loan under this Program if the loan being paid off was obtained to purchase the ambulance that is the subject of the application that was approved under this Program. 

(Source:  Amended at 42 Ill. Reg. 13621, effective July 1, 2018)