HB476 Alabama 2012 Session

Updated Feb 27, 2026

Notable

Summary

Primary Sponsor: Kerry Rich
Republican
Co-Sponsor: Wes Long
Session: Regular Session 2012
Title: Marshall Co., Tennessee Valley Authority, additional payments in lieu of taxes, portion distrib. to local boards of education
Summary: HB476 changes how Marshall County uses extra TVA in-lieu-of-taxes payments by distributing 25% to local school systems on a per-pupil basis (with NBCT payments topped to $5,000) and 75% to a county discretionary fund managed by a new committee.
What This Bill Does
It directs the increased TVA in-lieu-of-taxes payments for Marshall County to be split: 25% to the Marshall County and four city school boards based on student enrollment, with any shortfall in NBCT payments up to $5,000 paid from those funds; 75% goes to a county discretionary fund. A three-member Discretionary Fund Committee oversees the discretionary fund, which can be used for any lawful purpose. Distributions under this act are separate from other TVA payments and the act takes effect immediately upon governor's approval.

Who It Affects
Local school systems in Marshall County (Marshall County Board of Education and the Arab, Guntersville, Albertville, and Boaz City Boards) receive a share of the increased TVA payments on a per-pupil basis, including a potential NBCT top-up to $5,000 per teacher.
Marshall County residents and local legislators through the creation of the Discretionary Fund Committee, which oversees the 75% discretionary portion and can influence how those funds are spent.

Key Provisions
25% of the increased TVA in-lieu-of-taxes payments to Marshall County and the four city school boards on a per-pupil basis, with any NBCT shortfall up to $5,000 per teacher funded from these payments.
75% of the increased TVA payments go into a county discretionary fund, available for any lawful purpose via warrants issued under the direction of a Discretionary Fund Committee.
Discretionary Fund Committee consists of three members: one Marshall County resident appointed by the state Senator; and two members appointed by the county's House members, each from the appointing member's legislative district.
Distributions under this act are kept separate from other TVA payments.
The act becomes effective immediately after the Governor signs it.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Marshall County