New law helps fire departments and the state economy

By WEEK Producer

New law helps fire departments and the state economy

August 6, 2012 Updated Oct 26, 2013 at 4:29 AM CDT

CHICAGO, Ill.-- Governor Pat Quinn signed legislation on Monday to help Illinois fire departments purchase needed equipment and there is a bonus for buying local.

House bill 5283 not only gives fire departments the opportunity to buy better equipment, it also rewards them for buying Illinois products.

The bill is referred to by its sponsor, State Rep. Don Moffitt, as the "Buy Illinois, employ Illinois, protect Illinois" bill. It allows fire departments to buy "brush trucks" at reduced interest rates if those trucks are built or assembled in the state.

"It starts out as a two-percent loan," said Rep. Moffitt, (R) 74th District. "However, if you buy a chassis that's final assembly point was in Illinois, you take one-percent off of that loan. If you have a fire apparatus that was built and installed in Illinois, you take off one-percent. So it becomes an interest free loan if you buy and Illinois product."

The new law takes effect immediately. It allows for loans up to $100,000 for up to 20 years.

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