Policy established for loans to fire departments

In light of a pending loan requests from volunteer 
fire departments in the community, the county board agreed it should 
establish a policy on loans, to ensure consistency for all requests. 
On March 20, the board approved a loan policy for volunteer fire 
departments needing money for equipment and buildings. Loans of less
than $100,000 will be given at 0 percent interest.  Loans above 
$100,000 will have an interest rate of 2 basis points below the 10-
year T-bond rate, but not less than 1 percent.  Loan terms can be up 
to 25 years.