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
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
This bill would also repeal Section 40-28-5, Code of Alabama 1975
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.
|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||HB351 Alabama 2022 Session - Introduced|