Section 294.130  Eligible Expenditures

Subject to the availability of monies in the Fire Station Revolving Loan Fund, zero-interest loans or low-interest loans will be available for the purpose of paying all or a portion of the costs associated with the construction, rehabilitation, remodeling or expansion of a fire station or acquisition of land for the construction or expansion of a fire station up to a maximum loan amount of $2,000,000 per fire department per fiscal year [20 ILCS 3501/825-81].