SB473 Alabama 2011 Session

Updated Feb 27, 2026

Notable

Summary

Primary Sponsor: Clay Scofield
Republican
Session: Regular Session 2011
Title: Marshall Co., Tennessee Valley Authority, payments in-lieu-of-taxes, portion distrib. to local boards of education
Summary: SB473 directs Marshall County's additional TVA in-lieu-of-taxes payments to be split: 25% to local school systems based on enrollment and 75% to a county discretionary fund.
What This Bill Does
If passed, the bill requires 25% of the increased TVA in-lieu-of-taxes payments to go to the Marshall County and five city school boards on a per-pupil basis using enrollment data from the first monthly attendance report. The remaining 75% goes to a county discretionary fund that can be used for any lawful purpose by a discretionary fund committee. The Discretionary Fund Committee, made of three residents (one appointed by the state Senator and two appointed by the House members from Marshall County), will manage distributions separate from other TVA payments, and the act becomes law immediately after the Governor signs it.

Who It Affects
School districts in Marshall County and the Arab City, Guntersville City, Albertville City, and Boaz City School Districts receive funding based on student enrollment.
The county discretionary fund and its three-member Discretionary Fund Committee gain oversight and control of 75% of the payments, with funding usable for any lawful purpose.

Key Provisions
25% of the increased TVA in-lieu-of-taxes payments to five school districts on a per-pupil basis, determined by enrollment data from the last day of the first monthly attendance report of each school year.
75% of the payments deposited into a county discretionary fund, to be expended for any lawful purpose by a warrant drawn under the direction of a Discretionary Fund Committee.
Creation of the Discretionary Fund Committee with three members: one Marshall County resident appointed by the state Senator; two members appointed by the Marshall County House members' offices (each from the appointing district); terms run concurrently with the appointing legislators and may be extended.
Distributions made under this act are separate from other TVA in-lieu-of-taxes payments, including those under Act 2007-498.
Effective date: becomes law immediately after passage and governor 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: Marshall County