4 Pa. Code § 113.203 - Proceeds of loan
(a) Proceeds of
the loan may be used for the purchase of firefighting apparatus equipment,
ambulances, rescue vehicles, utility vehicles and special service vehicles as
specifically described on the loan application and loan agreement.
(b) Proceeds of the loan may be used for the
refinancing of debts incurred with a lending institution or contracts entered
into after November 4, 1975, and used for the purchase of firefighting
apparatus equipment, ambulances, rescue vehicles, utility vehicles and special
service vehicles or for modification of apparatus equipment to comply with NFPA
standards.
(c) Proceeds of the loan
may be used for the repair or rehabilitation of existing apparatus equipment,
ambulances, rescue vehicles, utility vehicles and special service vehicles if
it has been determined in writing by an authorized representative of the repair
or rehabilitation facility that the existing apparatus no longer meets the
standards of the NFPA and that the repair or rehabilitation, or both, of the
equipment will bring it into compliance with NFPA standards.
(d) Proceeds of the loan may be used for the
purchase of a used firefighting apparatus equipment, a used ambulance or a used
rescue vehicle if the used apparatus equipment or vehicle meets applicable NFPA
standards before it is purchased by the volunteer company. A volunteer company
that purchases a used apparatus equipment or vehicle and then either plans to
repair or rehabilitate the used apparatus equipment or vehicle or has the used
apparatus equipment or vehicle repaired or rehabilitated to bring it into
compliance with NFPA standards is not eligible for a loan to purchase the used
apparatus equipment or vehicle. The volunteer company may only apply for a loan
to repair or rehabilitate the used apparatus equipment or vehicle.
Notes
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No prior version found.