HB487 Alabama 2024 Session

Summary

Primary Sponsor

Brock ColvinRepresentative

Republican

Session

Regular Session 2024

Title

Marshall County, taxes in-lieu-of-tax payments distribution

Summary

HB487 amends Marshall County's distribution of Tennessee Valley Authority in-lieu-of-taxes payments to specify how funds are shared among schools, county offices, economic development, health, and community programs, with any remaining funds distributed by law.

What This Bill Does

The bill splits the TVA in-lieu-of-taxes payments to Marshall County by setting targeted allocations. It dedicates 25% to school boards on a per-pupil basis, funds a Legislative Delegation Office from the remaining money, and then designates a large portion for ongoing programs and services through a variety of local agencies and organizations, with the rest distributed by law. It also creates a four-year review for the allocations and becomes effective June 1, 2024.

Who It Affects

• Marshall County students and the school districts that receive per-pupil funding from the 25% allocation.
• Residents and local governments in Marshall County who benefit from the various funded programs and services (economic development, health, safety, arts, and community organizations).

Key Provisions

• 25% of the total TVA in-lieu-of-taxes payments allocated to Marshall County will be distributed to five local boards of education (Marshall County, Arab City, Guntersville City, Albertville City, and Boaz) on a per-pupil basis using student enrollment from the last day of the first monthly attendance report of each school year.
• From the remaining funds, 4% of the remaining 75% or $200,000, whichever is greater, shall be allocated for the operation of the Marshall County Legislative Delegation Office; any unspent funds may be used for educational purposes or industrial/economic development projects in Marshall County with unanimous consent of the legislative delegation.
• The remaining 71% of funds shall be allocated as follows and reviewed every four years: a) 6% of the remaining funds or $232,000, whichever is greater, to the Marshall County Economic Development Office to hire a director and staff and support recruiting industries; the director shall be employed by the Economic Development Board; previously accumulated funds held for development may be released for further allocation by the board.
• Thirty thousand dollars to the Marshall County Commission to help provide for school resource officers in the school system.
• Fifteen thousand dollars to the Marshall County Economic Development Board in addition to the allocation described above.
• Twenty-five thousand dollars to Mountain Valley Council on the Arts (effective starting October 1, 2006).
• Thirteen thousand dollars to the City of Albertville for ambulance use as long as ambulance service is provided by the city.
• Twenty-seven thousand dollars to the City of Arab for ambulance use as long as ambulance service is provided by the city.
• Fifty thousand dollars to Mountain Lakes Behavioral Health Care for mental health services, including substance abuse treatment and prevention.
• Eighteen thousand dollars to the Marshall County Convention and Visitors Bureau.
• Twenty-five thousand dollars to the Marshall County Coalition Against Domestic Violence.
• Twenty-five thousand dollars to CASA of Marshall County, Inc., for services to the aging and homebound.
• Twenty-five thousand dollars to the Marshall County RSVP.
• All remaining amounts after these allocations shall be paid to the county governing body to be distributed to the county and municipalities as provided by law.
• Section about effectiveness: The act becomes effective June 1, 2024.

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Marshall County