IFA-PUBLIC SAFETY PROGRAM

Amends the Illinois Finance Authority Act. Provides that the Illinois Finance Authority and the State Fire Marshal may (rather than shall) jointly administer a fire truck revolving loan program and an ambulance revolving loan program. Provides that the Authority may use loans and guarantees authorized by the fire truck revolving loan program, the fire station revolving loan program, and the ambulance revolving loan program to maximize the number of participants in those programs and to maximize the efficient use of taxpayer appropriated funds. Provides that the Authority may determine the financial structure of loans or guarantees authorized by those programs. Provides that the Authority and the State Fire Marshall may access the funds associated with those programs and may charge and collect fees in connection with those programs. Effective immediately.