PRIOR PRINTER'S NO. 313 PRINTER'S NO. 3027
No. 289 Session of 1987
INTRODUCED BY LLOYD, STEIGHNER, PHILLIPS, TRELLO, CAPPABIANCA,
PISTELLA, FOX, TIGUE, VROON, ITKIN, BOWSER, BELFANTI, McHALE,
REBER, MRKONIC, LIVENGOOD, KUKOVICH, JAROLIN, ARGALL, BLACK,
FARGO, SCHULER, COWELL, COY, NAHILL, G. SNYDER, SHOWERS,
RAYMOND, HONAMAN, BALDWIN, COLE, DeLUCA, BOOK, STABACK,
LEVDANSKY, JOHNSON, HERMAN, FREEMAN, BURD, HASAY, DIETTERICK,
ROBBINS, CARLSON, WOZNIAK, FISCHER, MORRIS, CLARK, RUDY,
LUCYK, DISTLER, COLAFELLA, VAN HORNE, KASUNIC, BARLEY,
BELARDI, PETRARCA, TELEK AND BROUJOS, FEBRUARY 10, 1987
AS AMENDED ON THIRD CONSIDERATION, HOUSE OF REPRESENTATIVES,
MARCH 22, 1988
AN ACT
1 Amending the act of July 15, 1976 (P.L.1036, No.208), entitled,
2 as amended, "An act authorizing the indebtedness, with the
3 approval of the electors, of twenty-five million dollars for
4 loans to volunteer fire companies, volunteer ambulance
5 services and volunteer rescue squads for the purpose of
6 establishing or modernizing facilities to house fire fighting
7 apparatus equipment, ambulances, and rescue vehicles, and for
8 purchasing new fire fighting apparatus equipment, ambulances,
9 and rescue vehicles, protective and communications equipment,
10 and any other accessory equipment necessary for the proper
11 performance of such organizations' duties," adjusting loan
12 limits; AND PROVIDING AN EXCEPTION TO LOAN LIMITS. <--
13 The General Assembly of the Commonwealth of Pennsylvania
14 hereby enacts as follows:
15 Section 1. Section 4(a)(2) of the act of July 15, 1976 <--
16 (P.L.1036, No.208), known as the Volunteer Fire Company,
17 Ambulance Service and Rescue Squad Assistance Act, amended JUNE <--
18 13, 1980 (P.L.217, NO.65) AND May 11, 1982 (P.L.407, No.118), is
19 amended to read:
1 Section 4. Assistance to Volunteer Fire Companies, Ambulance <--
2 Service and Rescue Squads.--(a) The department is hereby
3 authorized, upon application of any volunteer fire company,
4 volunteer ambulance service and volunteer rescue squad, to make
5 loans to said volunteer companies for the following purposes:
6 * * *
7 (2) Purchasing fire fighting apparatus, ambulances or rescue
8 vehicles. The amount of a loan made for purchasing fire fighting
9 apparatus, to any one volunteer fire company shall not exceed
10 [$50,000] $60,000 for any single fire fighting apparatus
11 equipment or utility or special service vehicle, or [50%] 80% of
12 the total cost of the equipment or vehicle, whichever is less.
13 The amount of a loan made to any one [volunteer fire company,
14 ambulance service or rescue squad for any] ambulance or rescue
15 vehicle shall not exceed $25,000 or 50% of the cost of the
16 ambulance or rescue vehicle, whichever is less, and a notarized
17 financial statement filed under subsection (c) shall show that
18 the applicant has available 20% of the total cost of the vehicle
19 in unobligated funds.
20 * * *
21 SECTION 4. ASSISTANCE TO VOLUNTEER FIRE COMPANIES, AMBULANCE <--
22 SERVICE AND RESCUE SQUADS.--(A) THE DEPARTMENT IS HEREBY
23 AUTHORIZED, UPON APPLICATION OF ANY VOLUNTEER FIRE COMPANY,
24 VOLUNTEER AMBULANCE SERVICE AND VOLUNTEER RESCUE SQUAD, TO MAKE
25 LOANS TO SAID VOLUNTEER COMPANIES FOR THE [FOLLOWING PURPOSES:
26 (1) ESTABLISHING OR MODERNIZING FACILITIES THAT HOUSE FIRE
27 FIGHTING EQUIPMENT, AMBULANCE OR RESCUE VEHICLES. THE AMOUNT OF
28 A LOAN FOR ESTABLISHING OR MODERNIZING FACILITIES MADE TO ANY
29 ONE VOLUNTEER FIRE COMPANY, AMBULANCE SERVICE OR RESCUE SQUAD
30 SHALL NOT EXCEED 50% OF THE TOTAL COST OF THE FACILITIES OR
19870H0289B3027 - 2 -
1 MODERNIZATION OR $50,000, WHICHEVER IS LESS, AND A NOTARIZED
2 FINANCIAL STATEMENT FILED UNDER SUBSECTION (C) SHALL SHOW THAT
3 THE APPLICANT HAS AVAILABLE 20% OF THE TOTAL COST OF THE
4 FACILITIES IN UNOBLIGATED FUNDS. PROCEEDS OF THE LOAN SHALL BE
5 USED ONLY FOR PURPOSES OF LAND ACQUISITION OR CONSTRUCTION, AND
6 SHALL NOT BE USED FOR PAYMENT OF FEES FOR DESIGN, PLANNING,
7 PREPARATION OF APPLICATIONS, OR ANY OTHER COST NOT DIRECTLY
8 ATTRIBUTABLE TO LAND ACQUISITION OR CONSTRUCTION.
9 (2) PURCHASING FIRE FIGHTING APPARATUS, AMBULANCES OR RESCUE
10 VEHICLES. THE AMOUNT OF A LOAN MADE FOR PURCHASING FIRE FIGHTING
11 APPARATUS, TO ANY ONE VOLUNTEER FIRE COMPANY SHALL NOT EXCEED
12 $50,000 FOR ANY SINGLE FIRE FIGHTING APPARATUS EQUIPMENT OR
13 UTILITY OR SPECIAL SERVICE VEHICLE, OR 50% OF THE TOTAL COST OF
14 THE EQUIPMENT OR VEHICLE, WHICHEVER IS LESS. THE AMOUNT OF A
15 LOAN MADE TO ANY ONE VOLUNTEER FIRE COMPANY, AMBULANCE SERVICE
16 OR RESCUE SQUAD FOR ANY AMBULANCE OR RESCUE VEHICLE SHALL NOT
17 EXCEED $25,000 OR 50% OF THE COST OF THE AMBULANCE OR RESCUE
18 VEHICLE, WHICHEVER IS LESS, AND A NOTARIZED FINANCIAL STATEMENT
19 FILED UNDER SUBSECTION (C) SHALL SHOW THAT THE APPLICANT HAS
20 AVAILABLE 20% OF THE TOTAL COST OF THE VEHICLE IN UNOBLIGATED
21 FUNDS.
22 (3) PURCHASING PROTECTIVE, ACCESSORY OR COMMUNICATION
23 EQUIPMENT. NO VOLUNTEER FIRE COMPANY, AMBULANCE SERVICE OR
24 RESCUE SQUAD SHALL RECEIVE A LOAN FOR PROTECTIVE, ACCESSORY OR
25 COMMUNICATIVE EQUIPMENT MORE THAN ONCE IN ANY FIVE-YEAR PERIOD.
26 EACH VOLUNTEER FIRE COMPANY, AMBULANCE SERVICE OR RESCUE SQUAD
27 MAY APPLY FOR A LOAN FOR A MOBILE AND PORTABLE RADIO UNIT FOR
28 EACH EXISTING SERVICEABLE APPARATUS EQUIPMENT, AMBULANCE, OR
29 RESCUE VEHICLE. RADIO EQUIPMENT OBTAINED THROUGH LOANS UNDER
30 THIS ACT SHALL BE EQUIPPED WITH A FREQUENCY OR FREQUENCIES
19870H0289B3027 - 3 -
1 LICENSED BY THE FEDERAL COMMUNICATIONS COMMISSION FOR FIRE
2 FIGHTING OR EMERGENCY RESPONSE PURPOSE. A NOTARIZED FINANCIAL
3 STATEMENT SHALL BE FILED AND LOANS UNDER THIS ACT FOR THE
4 PURCHASE OF PROTECTIVE, ACCESSORY OR COMMUNICATIVE EQUIPMENT
5 SHALL NOT EXCEED $10,000.
6 (4) REFINANCING DEBT INCURRED OR CONTRACTS ENTERED INTO
7 AFTER NOVEMBER 4, 1975 AND USED FOR THE PURCHASE OF APPARATUS
8 EQUIPMENT OR FOR THE CONSTRUCTION OR MODERNIZATION OF FACILITIES
9 OR FOR MODIFICATION OF APPARATUS EQUIPMENT IN ORDER TO COMPLY
10 WITH NATIONAL FIRE PROTECTION ASSOCIATION STANDARDS.
11 (5) REPAIR OR REHABILITATION OF APPARATUS EQUIPMENT. WHERE
12 IT HAS BEEN DETERMINED THAT EXISTING APPARATUS EQUIPMENT NO
13 LONGER MEETS THE STANDARDS OF THE NATIONAL FIRE PROTECTION
14 ASSOCIATION (NFPA), AND THE REPAIR AND/OR REHABILITATION OF SUCH
15 EQUIPMENT WILL BRING IT IN COMPLIANCE WITH NFPA STANDARDS; LOANS
16 FOR THE REPAIR OR REHABILITATION FOR A SINGLE APPARATUS
17 EQUIPMENT SHALL NOT BE LESS THAN $1,000 OR MORE THAN $35,000 OR
18 80% OF THE TOTAL COST OF REPAIR OR REHABILITATION WHICHEVER IS
19 LESS.
20 (6) PURCHASING OF USED FIRE FIGHTING APPARATUS, EQUIPMENT,
21 USED AMBULANCES, USED RESCUE VEHICLES, USED COMMUNICATIONS
22 EQUIPMENT, USED ACCESSORY EQUIPMENT OR USED PROTECTIVE
23 EQUIPMENT: PROVIDED, HOWEVER, THAT THE USED VEHICLES AND
24 EQUIPMENT SHALL MEET THE NATIONAL FIRE PROTECTION ASSOCIATION
25 (NFPA) STANDARDS.
26 LOANS UNDER THIS ACT MAY BE MADE FOR ANY OF THE PURPOSES OF
27 THIS SUBSECTION UNDERTAKEN BY A VOLUNTEER FIRE COMPANY,
28 VOLUNTEER AMBULANCE SERVICE AND VOLUNTEER RESCUE SQUAD ON OR
29 AFTER NOVEMBER 4, 1975, THE DATE OF THE APPROVAL OF THE
30 REFERENDUM APPROVING THE BORROWING OF MONEY FOR THE PURPOSES OF
19870H0289B3027 - 4 -
1 THIS ACT.] PURPOSES SET FORTH IN SUBSECTIONS (A.1) THROUGH
2 (A.6).
3 (A.1) LOANS MAY BE MADE FOR THE ESTABLISHMENT OR
4 MODERNIZATION OF FACILITIES THAT HOUSE FIRE FIGHTING EQUIPMENT,
5 AMBULANCE OR RESCUE VEHICLES. THE AMOUNT OF A LOAN FOR
6 ESTABLISHING OR MODERNIZING FACILITIES MADE TO ANY ONE VOLUNTEER
7 FIRE COMPANY, AMBULANCE SERVICE OR RESCUE SQUAD SHALL NOT EXCEED
8 60% OF THE TOTAL COST OF THE FACILITIES OR MODERNIZATION OR
9 $85,000, WHICHEVER IS LESS. THE APPLICANT SHALL FILE A NOTARIZED
10 FINANCIAL STATEMENT UNDER SUBSECTION (C) WHICH SHALL SHOW THAT
11 THE APPLICANT HAS AVAILABLE 20% OF THE TOTAL COST OF THE
12 FACILITIES IN UNOBLIGATED FUNDS. PROCEEDS OF THE LOAN SHALL BE
13 USED ONLY FOR PURPOSES OF LAND ACQUISITION OR CONSTRUCTION, AND
14 SHALL NOT BE USED FOR PAYMENT OF FEES FOR DESIGN, PLANNING,
15 PREPARATION OF APPLICATIONS, OR ANY OTHER COST NOT DIRECTLY
16 ATTRIBUTABLE TO LAND ACQUISITION OR CONSTRUCTION.
17 (A.2) LOANS MAY BE MADE FOR THE PURCHASE OF FIRE FIGHTING
18 APPARATUS EQUIPMENT. THE AMOUNT OF A LOAN MADE TO ANY ONE
19 VOLUNTEER FIRE COMPANY FOR THE PURCHASE OF ANY SINGLE FIRE
20 FIGHTING APPARATUS EQUIPMENT SHALL NOT EXCEED THE FOLLOWING
21 LIMITATIONS:
22 (1) PUMPER WITH A CAPACITY OF 500 GALLONS PER MINUTE;
23 (I) NEW; NOT MORE THAN 60% OF THE TOTAL COST OR $50,000,
24 WHICHEVER IS LESS.
25 (II) USED; NOT MORE THAN 60% OR $50,000, WHICH EVER IS LESS.
26 (2) PUMPER WITH A CAPACITY OF 750 GALLONS PER MINUTE;
27 (I) NEW; NOT MORE THAN 60% OF THE TOTAL COST OR $50,000,
28 WHICHEVER IS LESS.
29 (II) USED; NOT MORE THAN 60% OR $50,000, WHICH EVER IS LESS.
30 (3) PUMPER WITH A CAPACITY OF 1,000 GALLONS PER MINUTE;
19870H0289B3027 - 5 -
1 (I) NEW; NOT MORE THAN 60% OF THE TOTAL COST OR $75,000,
2 WHICHEVER IS LESS.
3 (II) USED; NOT MORE THAN 60% OR $50,000, WHICH EVER IS LESS.
4 (4) PUMPER WITH A CAPACITY OF 1,250 GALLONS PER MINUTE;
5 (I) NEW; NOT MORE THAN 60% OF THE TOTAL COST OR $75,000,
6 WHICHEVER IS LESS.
7 (II) USED; NOT MORE THAN 60% OR $50,000, WHICH EVER IS LESS.
8 (5) PUMPER WITH A CAPACITY OF 1,500 GALLONS PER MINUTE;
9 (I) NEW; NOT MORE THAN 60% OF THE TOTAL COST OR $75,000,
10 WHICHEVER IS LESS.
11 (II) USED; NOT MORE THAN 60% OR $50,000, WHICH EVER IS LESS.
12 (6) PUMPER WITH A CAPACITY OF 1,750 GALLONS PER MINUTE;
13 (I) NEW; NOT MORE THAN 60% OF THE TOTAL COST OR $75,000,
14 WHICHEVER IS LESS.
15 (II) USED; NOT MORE THAN 60% OR $50,000, WHICH EVER IS LESS.
16 (7) TANKER VEHICLE;
17 (I) NEW; NOT MORE THAN 60% OF THE TOTAL COST OR $75,000,
18 WHICHEVER IS LESS.
19 (II) USED; NOT MORE THAN 60% OR $50,000, WHICH EVER IS LESS.
20 (8) SPECIAL SERVICE VEHICLE;
21 (I) NEW; NOT MORE THAN 60% OF THE TOTAL COST OR $75,000,
22 WHICHEVER IS LESS.
23 (II) USED; NOT MORE THAN 60% OR $50,000, WHICH EVER IS LESS.
24 (9) AERIAL LADDER TRUCK OR ELEVATED EQUIPMENT;
25 (I) NEW; NOT MORE THAN 60% OF THE TOTAL COST OR $100,000,
26 WHICHEVER IS LESS.
27 (II) USED; NOT MORE THAN 60% OR $50,000, WHICH EVER IS LESS.
28 THE APPLICANT SHALL FILE NOTARIZED FINANCIAL STATEMENT UNDER
29 SUBSECTION (C) WHICH SHALL SHOW THAT THE APPLICANT HAS AVAILABLE
30 20% OF THE TOTAL COST OF THE FIRE FIGHTING APPARATUS IN
19870H0289B3027 - 6 -
1 UNOBLIGATED FUNDS.
2 (A.3) LOANS MAY BE MADE FOR THE PURCHASE OF AMBULANCES OR
3 RESCUE VEHICLES. THE AMOUNT OF A LOAN MADE TO ANY ONE VOLUNTEER
4 FIRE COMPANY FOR THE PURCHASE OF ANY SINGLE AMBULANCE OR RESCUE
5 VEHICLE SHALL NOT EXCEED THE FOLLOWING LIMITATIONS:
6 (1) AMBULANCE VEHICLE;
7 (I) NEW; NOT MORE THAN 60% OF THE TOTAL COST OR $35,000,
8 WHICHEVER IS LESS.
9 (II) USED; NOT MORE THAN 60% OR $30,000, WHICH EVER IS LESS.
10 (2) RESCUE VEHICLE;
11 (I) NEW; NOT MORE THAN 60% OF THE TOTAL COST OR $35,000,
12 WHICHEVER IS LESS.
13 (II) USED; NOT MORE THAN 60% OR $30,000, WHICH EVER IS LESS.
14 THE APPLICANT SHALL FILE NOTARIZED FINANCIAL STATEMENT UNDER
15 SUBSECTION (C) WHICH SHALL SHOW THAT THE APPLICANT HAS AVAILABLE
16 20% OF THE TOTAL COST OF THE AMBULANCE OR RESCUE VEHICLE IN
17 UNOBLIGATED FUNDS.
18 (A.4) LOANS MAY BE MADE FOR THE PURCHASE OF PROTECTIVE,
19 ACCESSORY OR COMMUNICATION EQUIPMENT. NO VOLUNTEER FIRE COMPANY,
20 AMBULANCE SERVICE OR RESCUE SQUAD SHALL RECEIVE A LOAN FOR
21 PROTECTIVE, ACCESSORY OR COMMUNICATIVE EQUIPMENT MORE THAN ONCE
22 IN ANY FIVE-YEAR PERIOD. EACH VOLUNTEER FIRE COMPANY, AMBULANCE
23 SERVICE OR RESCUE SQUAD MAY APPLY FOR A LOAN FOR A MOBILE AND
24 PORTABLE RADIO UNIT FOR EACH EXISTING SERVICEABLE APPARATUS
25 EQUIPMENT, AMBULANCE, OR RESCUE VEHICLE. RADIO EQUIPMENT
26 OBTAINED THROUGH LOANS UNDER THIS ACT SHALL BE EQUIPPED WITH A
27 FREQUENCY OR FREQUENCIES LICENSED BY THE FEDERAL COMMUNICATIONS
28 COMMISSION FOR FIRE FIGHTING OR EMERGENCY RESPONSE PURPOSE. A
29 NOTARIZED FINANCIAL STATEMENT SHALL BE FILED UNDER SUBSECTION
30 (C). LOANS UNDER THIS ACT FOR THE PURCHASE OF PROTECTIVE,
19870H0289B3027 - 7 -
1 ACCESSORY OR COMMUNICATIVE EQUIPMENT SHALL NOT EXCEED $15,000.
2 (A.5) LOANS MAY BE MADE TO REFINANCE DEBT INCURRED OR
3 CONTRACTS ENTERED INTO AFTER NOVEMBER 4, 1975 AND USED FOR THE
4 PURCHASE OF APPARATUS EQUIPMENT OR FOR THE CONSTRUCTION OR
5 MODERNIZATION OF FACILITIES OR FOR MODIFICATION OF APPARATUS
6 EQUIPMENT IN ORDER TO COMPLY WITH NATIONAL FIRE PROTECTION
7 ASSOCIATION STANDARDS.
8 (A.6) LOANS MAY BE MADE FOR THE REPAIR OR REHABILITATION OF
9 APPARATUS EQUIPMENT WHERE IT HAS BEEN DETERMINED THAT EXISTING
10 APPARATUS EQUIPMENT NO LONGER MEETS THE STANDARDS OF THE
11 NATIONAL FIRE PROTECTION ASSOCIATION (NFPA), AND THE REPAIR
12 AND/OR REHABILITATION OF SUCH EQUIPMENT WILL BRING IT IN
13 COMPLIANCE WITH NFPA STANDARDS. LOANS FOR THE REPAIR OR
14 REHABILITATION FOR ANY SINGLE FIRE APPARATUS EQUIPMENT SHALL NOT
15 BE FOR LESS THAN $5,000 OR MORE THAN $40,000 OR 80% OF THE TOTAL
16 COST OF REPAIR OR REHABILITATION WHICHEVER IS LESS. LOANS FOR
17 THE REPAIR OR REHABILITATION FOR AN AMBULANCE OR RESCUE VEHICLE
18 SHALL NOT BE FOR LESS THAN $5,000 OR MORE THAN $35,000 OR 80% OF
19 THE TOTAL COST OF REPAIR OR REHABILITATION WHICHEVER IS LESS.
20 (B) LOANS MADE BY THE DEPARTMENT SHALL BE FOR A PERIOD OF
21 NOT MORE THAN TEN YEARS, AND ANY LOAN OF THE AMOUNT OF [$10,000]
22 $15,000 OR LESS SHALL BE FOR A PERIOD OF NOT MORE THAN FIVE
23 YEARS. LOANS SHALL BE SUBJECT TO THE PAYMENT OF INTEREST AT 2%
24 PER ANNUM AND SHALL BE SUBJECT TO SUCH SECURITY AS SHALL BE
25 DETERMINED BY THE DEPARTMENT. THE TOTAL AMOUNT OF INTEREST
26 EARNED BY THE INVESTMENT OR REINVESTMENT OF ALL OR ANY PART OF
27 THE PRINCIPAL OF ANY LOAN SHALL BE RETURNED TO THE DEPARTMENT
28 AND TRANSFERRED TO THE VOLUNTEER COMPANIES LOAN FUND, AND SHALL
29 NOT BE CREDITED AS PAYMENT OF PRINCIPAL OR INTEREST ON THE LOAN.
30 THE MINIMUM AMOUNT OF ANY LOAN SHALL BE [$1,000] $5,000.
19870H0289B3027 - 8 -
1 (C) EVERY APPLICATION FOR A LOAN UNDER THIS ACT SHALL BE
2 ACCOMPANIED BY A NOTARIZED FINANCIAL STATEMENT OF THE VOLUNTEER
3 FIRE COMPANY, AMBULANCE SERVICE OR RESCUE SQUAD; AND A FINANCIAL
4 PLAN TO SHOW AMOUNT OF ASSETS AND PROJECTED REVENUES FOR THE
5 REPAYMENT OF THE LOAN, ANY OTHER OBLIGATIONS OF THE VOLUNTEER
6 COMPANY, AND OPERATING EXPENSE OVER THE PERIOD OF THE LOAN.
7 EVERY APPLICATION SHALL BE ACCOMPANIED BY EVIDENCE SUFFICIENT TO
8 SHOW THAT ALL COSTS EXCEPT THE AMOUNT OF THE LOAN HAVE BEEN
9 OBTAINED BY ASSETS OF THE VOLUNTEER COMPANY AND OTHER LOANS OR
10 SOURCES OF REVENUE. IF A VOLUNTEER FIRE COMPANY, AMBULANCE
11 SERVICE OR RESCUE SQUAD IS UNABLE TO MEET THE 20% REQUIREMENT
12 [OF SUBSECTION (A)], THEN A POLITICAL SUBDIVISION WHICH IS
13 SERVED BY THE VOLUNTEER COMPANY MAY PLEDGE ITS CREDIT IN THE
14 AMOUNT OF FUNDS NECESSARY TO SATISFY THE 20% REQUIREMENT AND, IF
15 IT DOES SO, SHALL COSIGN THE APPLICATION SUBMITTED BY THE
16 VOLUNTEER COMPANY.
17 (D) LOANS UNDER THIS ACT SHALL BE USED FOR THE ACQUISITION
18 BY VOLUNTEER COMPANIES OF NEW OR USED APPARATUS EQUIPMENT, NEW
19 OR USED AMBULANCES, NEW OR USED RESCUE VEHICLES, NEW OR USED
20 COMMUNICATIONS EQUIPMENT, NEW OR USED ACCESSORY EQUIPMENT OR NEW
21 OR USED PROTECTIVE EQUIPMENT, OR FOR THE CONSTRUCTION OR
22 MODERNIZATION OF FACILITIES AND EXCEPT AS PROVIDED IN SUBSECTION
23 [(A)(4)] (A.5), SHALL NOT BE USED FOR OPERATING EXPENSES OR FOR
24 THE REFINANCING OF CONSTRUCTION OR MODERNIZATION OF FACILITIES,
25 APPARATUS EQUIPMENT, COMMUNICATION EQUIPMENT, ACCESSORY
26 EQUIPMENT, NOR EXCEPT AS PROVIDED IN SUBSECTION [(A)(4)] (A.5)
27 SHALL UNDER THIS ACT BE MADE OR USED TO REDUCE ANY DEBT OR OTHER
28 OBLIGATIONS ISSUED PRIOR TO THE EFFECTIVE DATE OF THIS ACT.
29 (E) LOANS MADE BY THE DEPARTMENT SHALL BE PAID FROM THE
30 VOLUNTEER COMPANIES LOAN FUND TO THE VOLUNTEER FIRE COMPANIES,
19870H0289B3027 - 9 -
1 AMBULANCE SERVICES AND RESCUE SQUADS IN ACCORDANCE WITH RULES
2 AND REGULATIONS PROMULGATED BY THE DEPARTMENT.
3 (F) ALL PAYMENTS OF INTEREST ON SAID LOANS AND THE PRINCIPAL
4 THEREOF SHALL BE DEPOSITED BY THE DEPARTMENT IN THE VOLUNTEER
5 COMPANIES LOAN FUND.
6 (G) A VOLUNTEER FIRE COMPANY, AMBULANCE SERVICE AND RESCUE
7 SQUAD SHALL BE ELIGIBLE FOR A LOAN UNDER THIS ACT REGARDLESS OF
8 LEGAL OWNERSHIP IN WHOLE OR PART BY ANY POLITICAL SUBDIVISION OF
9 ANY FACILITIES OR APPARATUS EQUIPMENT USED BY THE VOLUNTEER FIRE
10 COMPANY, VOLUNTEER AMBULANCE AND VOLUNTEER RESCUE SQUAD. ANY
11 EQUIPMENT OR FACILITIES FINANCED UNDER THIS ACT MAY BE
12 TRANSFERRED TO A POLITICAL SUBDIVISION SERVED BY THE VOLUNTEER
13 FIRE COMPANY, VOLUNTEER AMBULANCE SERVICE OR VOLUNTEER RESCUE
14 SQUAD SUBJECT TO SUCH SECURITY AS SHALL BE DETERMINED BY THE
15 DEPARTMENT.
16 (H) NOTWITHSTANDING ANY OTHER PROVISION OF THIS SECTION TO
17 THE CONTRARY, THE MAXIMUM AMOUNT OF ANY LOAN TO A VOLUNTEER FIRE
18 COMPANY, VOLUNTEER AMBULANCE SERVICE AND VOLUNTEER RESCUE SQUAD
19 FOR THE PURCHASE OF FIRE FIGHTING APPARATUS, AMBULANCES OR
20 RESCUE VEHICLES BUILT IN THIS COMMONWEALTH MAY EXCEED THE LOAN
21 LIMITS SET FORTH IN THIS SECTION BY $10,000.
22 Section 2. This act shall take effect in 60 days.
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