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 on a per pupil basis, and a new provision that specifies that either 4% of the remaining funds or $240,000, whichever is greater, will be designated 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 include the allocation of funds to various entities, such as $247,000 to the Marshall County Economic Development Office for recruitment efforts, $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, while adjusting previous allocations to other organizations and municipalities. The remaining funds after these distributions will be paid to the county governing body for further distribution as per existing laws. The act is set to take effect on June 1, 2025.

Statutes affected:
Introduced: 45-48-161