Alabama Statutes
§ 11-32-24 — Funding - Amount Paid by Authorizing County
Alabama·Title 11 Counties and Municipal Corporations·Ch. 32 Public Transportation in Counties Having Population of 600,000 or More
The annual amount to be paid to the authority by the authorizing county is to be ascertained by first determining the amount of ad valorem taxes collected for the county from within the city limits of each municipality served by the authority. The authorizing county shall pay to the authority each year out of its general funds an amount equal to five and one-half percent (5.5%) of the first eighteen million, one hundred eighty-one thousand, eight hundred nineteen dollars ($18,181,819) of ad valorem taxes collected within the city limits of all municipalities served by the authority plus and two and one-half percent (2.5%) of the ad valorem tax collected within the city limits of all municipalities served by the authority in excess of eighteen million, one hundred eighty-one thousand, eight
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Alabama § 11-32-24 (Funding - Amount Paid by Authorizing County) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Act 2013-380, p. 1389, §24.)
Nearby Sections
15
§ 11-1-1
Number and Names of Counties§ 11-1-2
County Declared a Body Corporate