HB 613 Summary

• Distributes increased T.V.A in-lieu-of-taxes payments to Marshall County generated by Act 2010-135, with 25 percent allocated to five school boards (Marshall County, Arab City, Guntersville City, Albertville City, and Boaz City) on a per-pupil basis using student enrollment from the first monthly attendance report of each school year.

• Allocates 75 percent of the increased payments to a county discretionary fund that may be expended for any lawful purpose by warrant drawn pursuant to a discretionary fund committee.

• Creates a three-member Discretionary Fund Committee consisting of one resident of Marshall County appointed by the state Senator representing Marshall County and two members appointed by each of the House members representing Marshall County, with appointees required to be residents of their respective legislative districts.

• Specifies that distributions under this act are separate and apart from all other T.V.A in-lieu-of-taxes payments required by Marshall County, including those distributed pursuant to Act 2007-498.

• Became effective immediately upon passage and approval by the Governor, with House passage on May 25, 2011 and Senate passage on June 2, 2011.