This bill pertains to the distribution of in-lieu-of-taxes payments from the Tennessee Valley Authority in Marshall County, Alabama, and amends Section 45-48-161 of the Code of Alabama 1975. The bill outlines the allocation of funds to various educational boards, the Marshall County Legislative Delegation Office, and other entities for specific purposes. Notably, the bill introduces changes to the percentage and minimum dollar amounts allocated to certain entities.

The first change is that four percent or $200,000, whichever is greater, is now allocated for the operation of the Marshall County Legislative Delegation Office, with any unspent funds potentially being used for educational or economic development projects upon unanimous consent of the legislative delegation. The bill also specifies the distribution of the remaining funds, which includes a minimum allocation of $232,000 or six percent to the Marshall County Economic Development Office, and sets aside funds for school resource officers, the Mountain Valley Council on the Arts, ambulance services, mental health services, and various other community organizations. The bill states that any remaining amounts after the listed allocations will be paid to the county governing body for distribution as provided by law. The act is set to become effective on June 1, 2024.