The bill amends Section 45-52-161.02 of the Code of Alabama 1975, focusing on the distribution of Tennessee Valley Authority (TVA) in-lieu-of-taxes payments for Morgan County. Key changes include increasing the allocation percentage to the Morgan County Legislative Delegation Fund from 40% to 45%, introducing a new 10% allocation to the Decatur-Morgan County Entrepreneurial Center, and adjusting the percentage for the Morgan County Rescue Squad from 8% to 9%. The bill also repeals several sections related to previous distribution methods, streamlining the allocation process and establishing new guidelines.

Additionally, the bill creates the Morgan County Legislative Delegation Fund, managed by the Morgan County Commission to support a legislative office for county representatives. The delegation will oversee the fund's revenue and expenditures, with any unspent funds carrying over to future fiscal years and subject to annual audits. The bill also establishes the Morgan County Industrial Park and Economic Development Cooperative District's responsibility for the Morgan County Economic Development Fund, ensuring that any remaining funds as of September 30, 2025, will continue to be available for use. The act is set to take effect on October 1, 2025.

Statutes affected:
Introduced: 45-52-161, 45-52-161, 45-52-161, 45-52-161, 45-52-161, 45-52-161
Engrossed: 45-52-161, 45-52-161, 45-52-161, 45-52-161, 45-52-161, 45-52-161
Enrolled: 45-52-161, 45-52-161, 45-52-161, 45-52-161, 45-52-161, 45-52-161