SB572 Summary

• Amends Act 86-564 to revise distribution of Tennessee Valley Authority in-lieu-of-taxes payments for Marshall County.

• Allocates 25% to five school boards (Marshall County, Arab City, Guntersville City, Albertville City, and Boaz City) on a per-pupil basis.

• Allocates 4% of remaining funds to Marshall County Legislative Delegation Office, with unused funds available for educational or economic development projects by unanimous consent.

• Allocates 6% of remaining funds to Marshall County Economic Development Office for director, staff, and industry recruitment operations.

• Allocates remaining 65% to specific organizations including arts councils, ambulance services, behavioral health care, domestic violence prevention, and senior services, with any surplus distributed to county and municipalities.