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AL SB419
Bill
AI Summary
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Allocates remaining Tennessee Valley Authority in-lieu-of-taxes payments to Morgan County for fiscal years beginning October 1, 2018 through October 1, 2021, with up to $330,000 distributed annually to the Community Foundation of Greater Decatur, Inc.
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Directs the Community Foundation to distribute funds based on recommendations from House and Senate members representing Morgan County districts, dividing funds into two shares allocated to the Senate District and House Districts based on population percentages.
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Distributes any remaining funds after the $330,000 annual allocation to the Morgan County legislative delegation office each year.
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Ratifies and confirms all payments made pursuant to Act 2014-109 of the 2014 Regular Session.
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Becomes effective immediately upon passage and approval by the Governor.
Legislative Description
Morgan Co., T.V.A. distribution of designated portion under Act 2010-135, distrib until fiscal year commencing October 1, 2021, use of any remaining funds further provided
Morgan County
Last Action
Assigned Act No. 2019-436.
5/29/2019