Illinois HB 1567: BUSINESS-TECH

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB1567

Introduced 1/28/2025, by Rep. Dave Vella 

SYNOPSIS AS INTRODUCED:

20 ILCS 3501/825-120 new

30 ILCS 105/5.1030 new

 Amends the Illinois Finance Authority Act. Provides that the Illinois Finance Authority and the Illinois Law Enforcement Training and Standards Board may jointly administer a squad car revolving loan program. Creates the Squad Car Revolving Loan Fund. Provides that loans under the program shall be paid out of the Squad Car Revolving Loan Fund. Amends the State Finance Act to make conforming changes.

LRB104 05969 HLH 16002 b

A BILL FOR

HB1567LRB104 05969 HLH 16002 b

1 AN ACT concerning finance.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Illinois Finance Authority Act is amended 

5by adding Section 825-120 as follows:

6 (20 ILCS 3501/825-120 new)

7 Sec. 825-120. Squad Car Revolving Loan Program.

8 (a) The Illinois Finance Authority and the Illinois Law 

9Enforcement Training and Standards Board may jointly 

10administer a squad car revolving loan program. The program 

11shall, in instances where sufficient loan funds exist to 

12permit applications to be accepted, provide zero-interest 

13loans for the purchase of squad cars by local Illinois law 

14enforcement agencies. The Authority shall make loans based on 

15need, as determined by the Illinois Law Enforcement Training 

16and Standards Board. 

17 (b) The loan funds shall be paid, subject to 

18appropriation, out of the Squad Car Revolving Loan Fund, a 

19special fund in the State Treasury. The Squad Car Revolving 

20Loan Fund shall consist of any moneys transferred or 

21appropriated into the Squad Car Revolv