Ill. Admin. Code tit. 41, § 293.20 - Purpose and Qualifications
a)
OSFM and the Authority will jointly administer a program to provide
low-interest loans to post-secondary educational institutions for the planning,
purchasing, installing, upgrading, altering, modifying, fixing or repairing of
a fire sprinkler system or fire sprinkler systems.
b) OSFM will determine loan awards based on
system needs, financial need and how recently the applicant has received a
previous loan under this program, supplemented by recommendations from the
Authority based on creditworthiness. A loan for the purchase of fire sprinkler
systems shall not exceed $1,000,000 in any single fiscal year to any
post-secondary educational institution.
Notes
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