SB176 Alabama 2015 Session

Updated Feb 27, 2026

Notable

Summary

Primary Sponsor: Arthur OrrSenator
Republican
Session: Regular Session 2015
Title: Morgan Co., Industrial Park and Economic Development Cooperative District, jurisdiction of district extended, Act 2007-339, 2007 Reg. Sess. reenacted and amended by Act 2009-767, am'd.
Summary: SB176 expands the Morgan County Industrial Park and Economic Development Cooperative District's reach to the entire county and updates how TVA in-lieu-of-taxes payments are distributed and used, including new authority to transfer district land.
What This Bill Does
It amends existing acts to make the district's jurisdiction cover all of Morgan County, including land inside and outside municipalities and the Interstate 65 Corridor. It clarifies how TVA in-lieu-of-taxes payments are allocated, including the Three Percent Increase to be determined by local legislation and used to fund annual debt service. It gives the District power to pledge TVA payments to pay its obligations and to reimburse other funds if needed. It also authorizes the District to sell or convey parts of the Morgan County Industrial Park Parks or Facilities to the Decatur-Morgan County Port Authority or to Participating Local Governments that have the power to own or operate them.

Who It Affects
Morgan County residents and all municipalities within the county, whose economic development district's jurisdiction is now the entire county.
Tennessee Valley Authority payments recipients and local governments involved in the district (the Authority and Participating Local Governments) regarding distribution, use for debt service, and potential property transfers.

Key Provisions
Expanded District Jurisdiction: The District's jurisdiction for economic development includes the entire Morgan County boundary, covering land inside incorporated areas and outside them, including the Interstate 65 Corridor area.
TVA Payments and Local Legislation: The Three Percent Increase in TVA in-lieu-of-taxes payments will be allocated by local legislation; TVA Payments are distributed to the District to be used for Annual Debt Service.
Pledge and Use of TVA Payments: The District may pledge TVA Payments to pay its Obligations and must use the funds for debt service (or reimburse other moneys used for that purpose).
Conveyance Authority: The District may sell or convey parts of Morgan County Industrial Park Parks or Facilities to the Decatur-Morgan County Port Authority or to Participating Local Governments that have authority to own, operate, or convey such properties.

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