§ 97-pp. New York state emergency services revolving loan account. 1.\nThere is hereby established within the combined expendable trust\nfund-020 in the custody of the state comptroller a new account to be\nknown as the "New York state emergency services revolving loan account".\n 2. The account shall consist of all moneys appropriated for its\npurpose, all moneys transferred to such account pursuant to law, and all\nmoneys required by this section or any other law to be paid into or\ncredited to this account, including all moneys received by the account\nor donated to it, payments of principal and interest on loans made from\nthe account, and any interest earnings which may accrue from the\ninvestment or reinvestment of moneys from the account.\n 3. Moneys of the account, when allocated, shall be available to the\ncommissioner of the division of homeland security and emergency services\nto make loans as provided in this section. Up to five percent of the\nmoneys of the account or two hundred fifty thousand dollars, whichever\nis less, may be used to pay the expenses, including personal service and\nmaintenance and operation, in connection with the administration of such\nloans.\n 4. (a) The commissioner of the division of homeland security and\nemergency services, on recommendation of the state fire administrator,\nmay make, upon application duly made, up to the amounts available by\nappropriation, loans for:\n (i) Purchasing fire fighting apparatus. A loan for purchasing fire\nfighting apparatus shall not exceed the lesser of three hundred\nseventy-five thousand dollars or seventy-five percent of the cost of the\nfire fighting apparatus; provided, however, that loans issued in\nresponse to a joint application shall not exceed the lesser of five\nhundred fifty thousand dollars or seventy-five percent of the cost of\nthe fire fighting apparatus.\n (ii) Purchasing ambulances or rescue vehicles. A loan for purchasing\nan ambulance or a rescue vehicle shall not exceed the lesser of two\nhundred twenty-five thousand dollars or seventy-five percent of the cost\nof the ambulance or rescue vehicle; provided, however, that loans issued\nin response to a joint application shall not exceed the lesser of three\nhundred fifty thousand dollars or seventy-five percent of the cost of\nthe ambulance or rescue vehicle.\n (iii) Purchasing protective equipment or communication equipment. A\nloan for purchasing protective equipment or communication equipment or\nboth shall not exceed two hundred thousand dollars. Communication\nequipment purchased with such loan shall, to the maximum extent\npracticable, be compatible with the communication equipment of adjacent\nservices and jurisdictions; provided, however, that loans issued in\nresponse to a joint application shall not exceed two hundred sixty-five\nthousand dollars.\n (iv) Repairing or rehabilitating fire fighting apparatus, ambulances,\nor rescue vehicles. A loan for repairing or rehabilitating fire fighting\napparatus, ambulances, or rescue vehicles shall not exceed the lesser of\ntwo hundred thousand dollars or one hundred percent of the cost of the\nrepair or rehabilitation; provided, however, that loans issued in\nresponse to a joint application shall not exceed the lesser of four\nhundred thousand dollars or one hundred percent of the cost of the\nrepair or rehabilitation.\n (v) Purchasing accessory equipment. A loan for purchasing accessory\nequipment shall not exceed one hundred twenty-five thousand dollars;\nprovided, however, that loans issued in response to a joint application\nshall not exceed one hundred seventy-five thousand dollars.\n (vi) Renovating, rehabilitating or repairing facilities that house\nfirefighting equipment, ambulances, rescue vehicles and related\nequipment. A loan for this purpose shall not exceed the lesser of two\nhundred fifty thousand dollars or seventy-five percent of the cost of\nthe project; provided, however, that loans issued in response to
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