HB 494

Abstract

Virginia Fire and EMS Safety Loan Fund.Creates the Virginia Fire and EMS Safety Loan Fund, to be administeredby the Virginia Resources Authority. Under the bill, money in theFund would be used exclusively for the financing of purchases by localfire and EMS services of at least $50,000 (i) for capital projectsto construct or modernize facilities that house firefighting equipmentor vehicles or ambulance or rescue vehicles; (ii) of firefightingapparatus, ambulances, or rescue vehicles; and (iii) of protective, accessory, or communication equipment for firefighting or EMS services.The bill also establishes the Joint Fire and EMS Loan Board, whichshall be responsible for directing the distribution of loans fromthe Fund, with an emphasis on localities in need of financing assistanceto meet minimum standards.