SB381 Summary

• Amends Section 45-42-163 of the Alabama Code to modify distribution of TVA in-lieu-of-taxes payments received by Limestone County.

• Allocates $293,000 in fixed amounts to specific entities including Auburn University ($40,000), libraries, economic development organizations, and 13 volunteer fire departments ($12,000 each).

• When a volunteer fire department is decertified, its $12,000 allocation is redistributed equally among the remaining volunteer fire departments, effective retroactively to January 1, 2018.

• Distributes remaining funds by percentages to county and municipal entities, with special provisions for fiscal years 2013-2015 and school district allocations based on average daily membership.

• Designates funds from TVA payment increases for specific community institutions and establishes a separate fund for the Limestone County Legislative Office.