HB483 Summary

• Amends Act 79-501 to modify distribution of TVA in-lieu-of-taxes payments received by Limestone County, with changes effective after the bill's passage.

• Establishes a separate fund from increases in TVA payments generated by Act 2010-135 to establish, equip, and maintain a legislative office for state legislators serving Limestone County.

• Grants decision-making authority over the legislative office fund to the Limestone County legislative delegation (state senators and house members), requiring concurrent majority resolutions with each house voting separately.

• Allows the legislative delegation to use funds for staff employment, office space, equipment, supplies, services, and grants for allowable public purposes, with unspent funds carrying forward year to year.

• Requires annual audits of legislative office revenue and expenditures; the act became effective immediately upon passage and approval.