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AL HB581
Bill
Status
5/22/2025
Primary Sponsor
Terri Collins
Click for details
AI Summary
HB581 Summary
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Amends Section 45-52-161.02 of the Alabama Code to change the allocation of Morgan County's three percent TVA increase from 40 percent to 45 percent for the Morgan County Legislative Delegation Fund.
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Changes the allocation to the Morgan County Rescue Squad from 8 percent to 9 percent of the three percent increase remaining after legislative delegation fund allocation.
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Allocates 10 percent of remaining funds to the Decatur-Morgan County Entrepreneurial Center, with the remainder distributed through existing provisions.
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Establishes the Morgan County Legislative Delegation Fund as a separate fund controlled by concurrent resolution of county legislators for office operations, staff, equipment, and allowable public purposes, with annual audits required.
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Repeals former Sections 45-52-161.03 through 45-52-161.07 and becomes effective October 1, 2025.
Legislative Description
Morgan County, distribution of county's TVA in-lieu-of-taxes payments further provided for
Morgan County
Last Action
Enacted
5/22/2025