HB483 Alabama 2012 Session

Summary

Primary Sponsor

Mac McCutcheon

Republican

Co-Sponsors

Micky HammonDan Williams

Session

Regular Session 2012

Title

Limestone Co., Tennessee Valley Authority, additional payments in-lieu-of-taxes, distrib. further provided for, Act 79-501, 1979 Reg. Sess. am'd. (2010-20886)

Summary

HB483 updates how Limestone County receives TVA in-lieu-of-taxes payments by reallocating shares, adding targeted grants, and creating a dedicated legislative office fund.

What This Bill Does

It amends the distribution rules for Limestone County’s TVA payments to specify an initial fixed allocation to several local organizations, followed by a remainder distributed to county funds, school funds, and cities with defined percentages. It introduces a separate 3% increase allocation to a list of entities and sets aside future distributions for economic development and Elm Industrial Park debts, with ongoing rules for how funds are split and used. It also creates a Limestone County Legislative Office funded from these payments, governed by the county legislative delegation, with staff, space, and grant authority, and requires annual audits and rollover of unused funds; school district allocations shift over time and are determined annually based on enrollment after 2015.

Who It Affects

• Limestone County government and its municipalities (General Fund, Public Building Fund, Countywide School Fund, and city allocations) which will receive specified shares and percentages from TVA payments and related increases.
• Local institutions and organizations receiving targeted or fixed funding (e.g., Auburn University Limestone Extension; Limestone County Soil and Water Conservation District; Limestone County Economic Development Association; Athens-Limestone Public Library; Houston Memorial Library; Veteran's Museum and Archives; 13 volunteer fire departments; Calhoun Community College Limestone campus; Athens State University Limestone campus; Spirit of Athens; Greater Athens Chamber of Commerce; Athens-Limestone Rescue Squad; Limestone County Family Resource Center; Limestone County Recycling Center; Limestone County Economic Development Partners, Inc.).

Key Provisions

• Amends Act No. 79-501 to modify how Limestone County distributes TVA payments received under Title 40, Chapter 28 of the Alabama Code.
• Allocates an initial fixed sum (a set of specific amounts totaling the distribution to entities such as Auburn University Limestone Extension, Soil and Water Conservation District, Economic Development Association, Athens-Limestone Public Library, Houston Memorial Library, Veteran's Museum and Archives, and 13 volunteer fire departments) before distributing the remainder.
• Distributes the remaining funds after the initial allocations to the Limestone County General Fund (25%), Limestone County Public Building Fund (10%), Special Hospital Tax Fund (5%), Countywide School Fund (23.5%), Limestone County BOE School District 1 (9%), School District 3 Athens City Board (6%), City of Athens (20%), City of Ardmore (1%), City of Elkmont (0.38%), City of Mooresville (0.06%), and City of Lester (0.06%). For fiscal years 2013-2014, adjusts the school district shares; starting 2015, the County Commission determines District 1 and District 3 shares annually based on average daily membership.
• Creates a separate 3% increase in in-lieu-of-taxes payments for TVA counties, distributed first to a list of entities (Limestone County Economic Development Association; Athens-Limestone Public Library; Calhoun Community College Limestone campus; Spirit of Athens; Greater Athens Chamber of Commerce; Athens-Limestone Rescue Squad; Athens State University Limestone campus; Limestone County Family Resource Center; Limestone County Recycling Center; Limestone County Economic Development Partners, Inc.) with specified amounts, and any remaining funds used to service Elm Industrial Park debts, with further distributions for economic development after debts are retired.
• Authorizes a separate fund for the 2010-135 and related increases to establish a Limestone County Legislative Office, governed by resolutions from the Limestone County legislative delegation, with authority to hire staff, obtain office space and equipment, award grants, and manage expenditures; unspent funds roll over year to year and are audited annually.
• Acts take effect immediately upon governor's approval.

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

Subjects

Limestone County