HB821 Alabama 2010 Session

Summary

Primary Sponsor

Richard Lindsey

Democrat

Session

Regular Session 2010

Title

Cherokee Co., Tennessee Valley Authority, payments in-lieu-of-taxes distributions to county pursuant to Act 2010-135, 2010 Reg. Sess., distrib.

Summary

HB821 directs Cherokee County to distribute its share of funds received under Act 2010-135 to three local entities in fixed percentages.

What This Bill Does

If Cherokee County receives funds under Act 2010-135, 45% must go to the Cherokee County Industrial Development Board, 30% to the Cherokee County Chamber of Commerce, and 25% to the Public Parks and Recreation Board of Cherokee County, Alabama, Inc. The act becomes effective immediately after it is passed and approved by the Governor.

Who It Affects

• Cherokee County Industrial Development Board, Cherokee County Chamber of Commerce, and Public Parks and Recreation Board of Cherokee County, Alabama, Inc.—each receives a specific share of funds under the act.
• Cherokee County residents and local community members who may benefit from increased development, business activity, and park/recreation funding resulting from the distributions.

Key Provisions

• Distribution of funds: 45% to the Cherokee County Industrial Development Board, 30% to the Cherokee County Chamber of Commerce, and 25% to the Public Parks and Recreation Board of Cherokee County, Alabama, Inc.
• Effective date: The act takes effect immediately upon passage and governor's approval.

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Cherokee County