HB107 Summary

• Amends Act No. 80-277 to modify distribution of Madison County's Tennessee Valley Authority in-lieu-of-taxes payments to the state.

• Allocates up to 1% of annual TVA payments to establish and maintain a Madison County Legislative Delegation Office, with decisions and expenditures controlled by concurrent majority vote of the delegation.

• Distributes remaining funds as follows: 70% to county and municipal school systems based on average daily attendance, 9% to Madison County General Fund, 19.5% to City of Huntsville General Fund (with 15% earmarked for schools), and 0.5% to incorporated municipalities on per capita basis.

• Dedicates 3% funding increase from Act 2006-655 to specific road projects in Madison County from FY 2008-2017, with unspent funds placed in escrow for incomplete projects.

• Directs future growth exceeding 2.5% and all new funding increases from post-enactment legislation to the Madison County Legislative Delegation Office.