SB503 reorganizes how Jackson County receives TVA in-lieu-of-taxes payments, creates a discretionary fund and a committee to distribute them, and repeals older laws.
It sets new shares from TVA in-lieu-of-taxes to Jackson County: 4% to the Jackson County Legislative Delegation Office, 40% to public school systems on a per-pupil basis, 30% to incorporated municipalities on a population basis, and 26% to the county general fund to be disbursed by a new Discretionary Fund Committee. It creates the Discretionary Fund Committee to decide how the funds are distributed, with two county residents appointed by the senator and one member from each Jackson County House member, all residents of Jackson County and in the appointing member's district, serving terms that align with the appointing authority's term. It directs that any growth in TVA payments since October 1999 that hasn't yet been distributed be put into a discretionary fund for future disbursement, and that certain county entities with prior TVA funds get priority in these distributions. It repeals Act 79-473 (1979), Act 88-292 (1988), and Act 99-550 (1999) and becomes effective immediately upon the governor's approval.
Delivered to Governor at 2:00 p.m. on June 2, 20111
Assigned Act No. 2011-654.
Signature Requested
Enrolled
Concurred in Second House Amendment
Marsh motion to Concur In and Adopt adopted Roll Call 938
Concurrence Requested
Motion to Read a Third Time and Pass adopted Roll Call 1056
Motion to Adopt adopted Roll Call 1055
Local Legislation first Substitute Offered
Third Reading Passed
Read for the second time and placed on the calendar with 1 substitute and
Read for the first time and referred to the House of Representatives committee on Local Legislation
Motion to Read a Third Time and Pass adopted Roll Call 782
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Local Legislation No. 1
Source: Alabama Legislature