FIRE TRUCK REVOLVING LOAN PROG
Summary
Amends the State Treasurer Act. Provides that the Treasurer and the State Fire Marshal shall administer a fire truck revolving loan program to provide zero interest loans for the purchase of fire trucks by a fire department or fire protection district. Provides that the Treasurer shall make loans based on need, as determined by the State Fire Marshal, and that the loan funds, subject to appropriation, shall be paid out of the Fire Truck Revolving Loan Fund, a special fund in the State treasury. Provides that (i) a loan for the purchase of fire trucks may not exceed $250,000 to any fire department or fire protection district; (ii) the repayment period for the loan may not exceed 20 years; and (iii) the fire department or fire protection district must repay each year at least 5% of the principal amount borrowed or the remaining balance of the loan, whichever is less. Provides that the Treasurer and the State Fire Marshal shall adopt rules to administer the program. Amends the State Finance Act to create the fund. Effective immediately.
Bill status
signed
all 5 stages cleared
Introduction
Mar 2003
Committee Review
May 2003
House Passage
May 2003
Senate Passage
May 2003
Signed into Law
Jun 2003
Introduced Mar 27, 2003
Signed Jun 24, 2003
Floor votes · Senate May 7, 2003 · House Mar 26, 2003
How they voted
46–0
Passed · 3 other
Total votes 49
May 7, 2003
D
Democratic27
96% Yea
R
Republican22
90% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
69
Key actions
8
Committee
9
Amendments
4
Jun 24, 2003
Signed into law
Governor Approved
lower
May 7, 2003
Lower · Passed
Passed Both Houses
lower
May 7, 2003
Senate · Passed
Senate Vote: pass (46-0-3)
senate
May 1, 2003
Upper · Passed
Do Pass State Government; 005-000-000
upper
Apr 10, 2003
Committee
Assigned to State Government
upper
Mar 27, 2003
Committee
Referred to Rules
upper
Mar 27, 2003
Introduced
Arrive in Senate
upper
Mar 26, 2003
Amended
House Floor Amendment No. 1 Tabled Pursuant to Rule 40(a)
lower
Mar 26, 2003
House · Passed
House Vote: pass (104-0-2)
house
Mar 25, 2003
Lower · Passed
House Floor Amendment No. 2 Adopted by Voice Vote
lower
Mar 5, 2003
Lower · Passed
House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 005-000-000
lower
Feb 28, 2003
Committee
House Floor Amendment No. 2 Referred to Rules Committee
lower
Feb 28, 2003
Introduced
House Floor Amendment No. 2 Filed with Clerk by Rep. Donald L. Moffitt
lower
Feb 19, 2003
Committee
House Floor Amendment No. 1 Referred to Rules Committee
lower
Feb 19, 2003
Introduced
House Floor Amendment No. 1 Filed with Clerk by Rep. Mike Bost
lower
Jan 30, 2003
Lower · Passed
Do Pass / Short Debate Local Government Committee; 021-000-000
lower
Jan 23, 2003
Committee
Assigned to Local Government Committee
lower
Jan 9, 2003
Committee
Referred to Rules Committee
lower
0 primary · 2 co-sponsors
Sponsors
No sponsor information available.
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