Loading chat...
AL SB191
Bill
AI Summary
-
Amends Section 45-39-246 of the Alabama Code to redistribute Tennessee Valley Authority in-lieu-of-taxes payments in Lauderdale County.
-
Changes the allocation of payments from 60% to county general fund and municipalities to instead distribute that 70% to the Lauderdale County Agriculture Center Authority.
-
Maintains existing distributions of 10% to county road and bridge fund and 30% to local school systems (Lauderdale County Board of Education and Florence Board of Education).
-
Requires the county commission to annually distribute $1,200,000 to the agriculture authority after its establishment, with remaining payments distributed according to the same percentages as other entities.
-
Becomes effective on the first day of the third month following passage and gubernatorial approval.
Legislative Description
Relating to Lauderdale County; to amend Section 45-39-246, providing for the distribution of Tennessee Valley Authority in lieu-of-taxes payments, to reallocate payments from the county and municipalities to the Agriculture Center Authority.
Lauderdale County, TVA in lieu of taxes payments, substituting agriculture center authority for county and municipalities
Last Action
Referred to Committee to House Local Legislation
4/18/2023