4 Pa. Code § 113.203. Proceeds of loan.

§ 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.

Source

   The provisions of this §  113.203 adopted December 23, 1982, effective December 25, 1982, 12 Pa.B. 4333; amended December 18, 1992, effective December 19, 1992, 22 Pa.B. 6019. Immediately preceding text appears at serial pages (153426) to (153427).

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