IllinoisBrush truck loans would tie interest rates to manufacturing location
When program money is available, Illinois fire departments could receive brush truck loans based on need, with interest rates tied to where trucks are built.
What it does
When funds allow, fire departments could borrow up to $100,000 per brush truck. Annual interest would range from 0% to 2%, depending on where its chassis and firefighting equipment are built.
Argument forWhen funding is available, interest-free loans for Illinois-built brush trucks could help fire departments buy equipment while limiting borrowing costs.
Argument againstDepartments choosing trucks built outside Illinois could pay more interest, even when those trucks best meet their needs.
More detail
The Illinois Finance Authority would offer brush truck loans based on need determined by the State Fire Marshal. Fire departments, including township departments, and fire protection districts could buy pickup-based fire or rescue trucks rated from three-fourths of a ton to one ton. Loans depend on available program money and state spending approval. Annual simple interest would be 0% if both the chassis and equipment are built in Illinois, 1% if either is, and 2% if neither is. Repayment could last up to 20 years, with at least 5% of the original loan due yearly or the remaining balance if smaller.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Oct 13Added as Co-Sponsor Sen. Sally J. TurnerLatest
- Jun 30Added as Co-Sponsor Sen. Mary Edly-Allen
- Jun 2House Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
- Jun 2Rule 19(a) / Re-referred to Rules Committee
- May 31Third Reading/Final Action Deadline Extended-9(b) June 2, 2026
- May 27House Floor Amendment No. 1 Rules Refers to Revenue & Finance Committee
- May 26House Floor Amendment No. 1 Referred to Rules Committee
- May 26House Floor Amendment No. 1 Filed with Clerk by Rep. Ann M. WilliamsMinor
- May 22Third Reading/Final Action Deadline Extended-9(b) May 31, 2026
- May 19Held on Calendar Order of Second Reading - Short DebateMinor
- May 19Second Reading - Short DebateMinor
- May 14Placed on Calendar 2nd Reading - Short DebateMinor
- May 13Do Pass / Short Debate Revenue & Finance Committee; 018-000-000
- Vote recorded Do Pass. Result: pass.Lower
- May 7Committee Deadline Extended-Rule 9(b) May 15, 2026
- Apr 27Assigned to Revenue & Finance CommitteeMinor
- Apr 7Referred to Rules Committee
- Apr 7Added Alternate Chief Co-Sponsor Rep. Stephanie A. Kifowit
- Apr 7Chief House Sponsor Rep. Ann M. Williams
- Mar 26Added as Co-Sponsor Sen. Mattie Hunter
- Vote recorded Third Reading. Result: pass.Upper
- Mar 26First ReadingMinor
- Mar 26Arrived in HouseMinor
- Mar 26Third Reading - Passed; 046-000-000Passed Senate
- Mar 25Added as Co-Sponsor Sen. Mike Porfirio
- Feb 26Placed on Calendar Order of 3rd Reading March 3, 2026
- Feb 26Second ReadingMinor
- Feb 25Placed on Calendar Order of 2nd Reading February 26, 2026Minor
- Vote recorded Do Pass. Result: pass.Upper
- Feb 25Do Pass Financial Institutions; 006-000-000
- Feb 24Added as Chief Co-Sponsor Sen. Jason Plummer
- Feb 10Assigned to Financial InstitutionsMinor
- Jan 29Referred to Assignments
- Jan 29First ReadingMinor
- Jan 29Filed with Secretary by Sen. Patrick J. JoyceIntroduced
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