
rescue squad shall not exceed 50% of the total cost of the
facilities or modernization or [$400,000] $500,000, 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 volunteer fire company
shall not exceed [$200,000] $500,000 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 $300,000. The amount of a loan made to any
one volunteer fire company, ambulance service or rescue squad
for any ambulance or light duty rescue vehicle as defined by
regulation or guideline shall not exceed $100,000 and for a
watercraft rescue vehicle shall not exceed $30,000 or 50% of
the cost of the ambulance or rescue vehicle, 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 vehicle in unobligated funds.
* * *
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