HB351 Alabama 2022 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2022
Title
Related to Tennessee Valley Authority (T.V.A.) in-lieu-of-taxes payments, to revise the distribution of payments received by certain counties, to make nonsubstantive technical changes to update existing Code language to current style, Sec. 40-28-5 repealed; Sec. 40-28-2 am'd.
Description
<p class="bill_description"> Under existing law, the state receives
annual Tennessee Valley Authority (T.V.A.)
in-lieu-of-taxes payments and those funds are
allocated to counties served by the T.V.A. and the
State General Fund</p><p class="bill_description">
This bill would revise the distribution of
T.V.A. in-lieu-of-taxes payments received by
certain counties and would make other
nonsubstantive technical revisions to update
existing Code language to current style</p><p class="bill_description">
This bill would also repeal Section 40-28-5,
Code of Alabama 1975</p><p class="bill_entitled_an_act"> Relating to Tennessee Valley Authority in-lieu-of
taxes payments; to amend Section 40-28-2, Code of Alabama
1975, to provide further for the distribution of proceeds to
served counties; to make other nonsubstantive technical
revisions to update the existing Code language to current
style; and repeal Section 40-28-5, Code of Alabama 1975.
</p>
Subjects
Tennessee Valley Authority
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 15, 2022 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB351 Alabama 2022 Session - Introduced |