Loan amount increases for volunteer fire, ambulance companies signed into law
Gov. Tom Corbett recently signed a “sorely needed” bill into law to update the amounts available for loans taken out by volunteer fire and ambulance companies under the Volunteer Loan Assistance Program.
Maximum dollar amounts are doubled for loans for many expenditures ranging from vehicles and protective equipment to establishing and modernizing facilities, according to a news release from state Rep. Matt Baker, R-Bradford and Tioga counties.
“This update to the law was sorely needed in order to help these essential volunteer organizations remain operational,” Baker said in the statement. “Our volunteer fire and EMS organizations accomplish and perform a great deal with few financial resources, and too many are struggling on a daily basis financially.”
The legislation, now Act 129 of 2013, also lets merged or consolidated companies hold a combined total of up to 10 loans for a period of 10 years, the release stated.