This bill amends Section 45-48-161 of the Code of Alabama 1975 to revise the distribution of in-lieu-of-taxes payments from the Tennessee Valley Authority for Marshall County. Key changes include the allocation of 25% of the total amount to various school boards based on student enrollment, and a new provision that mandates a minimum allocation of either 4% of the remaining funds or $200,000, whichever is greater, for the operation of the Marshall County Legislative Delegation Office. Additionally, any unspent funds from this allocation can be redirected towards educational or economic development projects with unanimous approval from the legislative delegation.

Further amendments specify that the remaining funds will be reviewed every four years and detail specific allocations for various entities, including the Marshall County Economic Development Office, school resource officers, and mental health services. Notably, the bill replaces previous percentages and dollar amounts with new figures, such as allocating $30,000 for school resource officers and $50,000 for mental health services. The act is set to take effect on June 1, 2024.