House Local Legislation Hearing
Room 617 at 09:35:00

HB289 changes how Marshall County’s Tennessee Valley Authority in-lieu-of-taxes payments are distributed, spelling out who gets money and how much.
The bill amends Section 45-48-161 to set an annual distribution of TVA in-lieu-of-taxes payments for Marshall County: 25% of the total goes to the local school boards on a per-pupil basis; 4% of the remaining 75% (or a minimum amount of $240,000, whichever is greater) funds the Marshall County Legislative Delegation Office, with unspent money usable for education or economic development projects if approved unanimously by the delegation; the remaining 71% is allocated per the statute and reviewed every four years, including a set aside (about 6% of the 71% portion, with a minimum specified) for the Marshall County Economic Development Office to hire a director and staff for recruiting industries and jobs. The bill also allows money previously in the Economic Development Board’s designated fund to be released for new allocations, and it lists specific annual allocations to various local agencies and services. Any funds not allocated after these items go to the county governing body to distribute as provided by law. The act takes effect June 1, 2025.
Pending Senate Local Legislation
Read for the first time and referred to the Senate Committee on Local Legislation
Motion to Read a Third Time and Pass - Adopted Roll Call 257
Third Reading in House of Origin
Read for the Second Time and placed on the Calendar
Reported Out of Committee House of Origin
Pending House Local Legislation
Read for the first time and referred to the House Committee on Local Legislation
Room 617 at 09:35:00
Source: Alabama Legislature