The 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 on a per pupil basis, and a new provision that mandates a minimum allocation of $240,000 or 4% of the remaining funds (whichever is greater) for the operation of the Marshall County Legislative Delegation Office. Additionally, the bill specifies that any unspent funds from this allocation can be redirected for educational or economic development projects in the county.

Further amendments include the allocation of funds to various entities, such as $247,000 to the Marshall County Economic Development Office, $30,000 for school resource officers, and $50,000 for mental health services. The bill also introduces new allocations, such as $25,000 to Snead State Community College. The previous allocations for certain entities have been adjusted or removed, including the deletion of specific amounts previously designated for the Marshall County Economic Development Board and the City of Arab. The act is set to take effect on June 1, 2025.

Statutes affected:
Introduced: 45-48-161
Enrolled: 45-48-161