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 insertion of "City" after "Boaz" in the allocation to various school boards, and a new allocation structure where four percent or $240,000 (whichever is greater) is designated for the operation of the Marshall County Legislative Delegation Office. Additionally, the bill specifies that the remaining funds will be reviewed every four years and outlines new allocations for various entities, including $247,000 for the Marshall County Economic Development Office, $30,000 for school resource officers, and $25,000 for Snead State Community College.

The bill also makes several deletions, such as removing the previous allocation amounts and conditions for certain funds, including the $15,000 previously allocated to the Marshall County Economic Development Board. Other adjustments include changes in the amounts allocated for ambulance services to the City of Albertville and the City of Boaz, as well as the release of previously accumulated funds for further allocation by the Economic Development Board. The act is set to take effect on June 1, 2025.