AL SB303

Amends Section 45-36-162 of the Code of Alabama 1975 to restructure the distribution of Tennessee Valley Authority in-lieu-of-taxes payments received by Jackson County.

Creates a Jackson County Economic Development Fund that receives 1% of TVA payments monthly until reaching $1,000,000 balance, with funds available for disaster relief, job creation incentives, industrial recruitment, and grant matching.

Allocates specific annual amounts to Jackson County Hospital Board ($145,000 for ambulance service), Jackson County Economic Development Authority ($105,000 plus $75,000 in additional funds), volunteer fire departments ($7,500 each plus $35,000 to the association), Scottsboro-Jackson County Rescue Squad ($35,000), and Greater Jackson County Chamber of Commerce ($40,000).

Distributes remaining net payments after specified allocations: 2% to state legislative delegation office, 2% to Jackson County EDA, 36% to public schools on per-pupil basis, 29.5% to incorporated municipalities on population basis, 25.5% to county general fund, and 30.5% to Jackson County Discretionary Fund.

Establishes a Jackson County Discretionary Committee with six members (County Commission chair, Commission member, Revenue Commissioner, state senator, and two state representatives) to manage discretionary fund disbursements by majority vote.