An affordable way for cities to fund safety improvements
The Safety Loan Program means cities don’t have to choose between tight budgets and simple, effective decisions that protect city staff.
This program allows cities to make improvements in one year and spread the costs across several budget years. The program’s single point of entry saves your city legal and bond counsel costs.
Safety Loan Program funds must be used to purchase equipment. Some cities have used funds in innovative ways. For instance, one city purchased ergonomic equipment to reduce employee injuries resulting from lifting nursing home patients, and another made safety improvements to bleachers at a municipal ball field.
Funds Comply with City Borrowing Authority
Funds available through the Safety Loan Program are the same as general obligation notes and comply with city borrowing authority. Interest rates are equal to U.S. Treasury note rates plus 30 basis points.
Funding can be used for:
Personal Protective Equipment
- Safety vests
- Eye, hearing and respiratory protection
- Gloves, boots and hardhats
Fire Suppression/Detection Equipment
- Fire extinguishers
- Sprinkler systems
- Smoke alarms
Job Site Safety Equipment
- Traffic control signs
- Pavement markers
- Adjustable chairs and desks
- Anti-fatigue mats
- Telephone headsets
- Manhole cover lifts