Alabama § 40-21-55 Electric, Hydroelectric, Gas, or Any Other Public Utility - Distribution of Revenues

Alabama Statutes

§ 40-21-55 — Electric, Hydroelectric, Gas, or Any Other Public Utility - Distribution of Revenues

Alabama·Title 40 Revenue and Taxation·Ch. 21 Public Utilities·Art. 2 License Taxes

All revenues collected under the provisions of Section 40-21-53 shall, after deduction of the cost of collection, be distributed in the following manner:

(1)Eighty-five percent of the balance remaining after deduction of the cost of collection shall be deposited in the Special Mental Health Fund to be used for mental health purposes; and

(2)Fifteen percent of the balance remaining after deduction of the cost of collection shall be deposited in the General Fund.

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All revenues collected under the provisions of Section 40-21-53 shall, after deduction of the cost of collection, be distributed in the following manner:
(1) Eighty-five percent of the balance remaining after deduction of the cost of collection shall be deposited in the Special Mental Health Fund to be used for mental health purposes; and
(2) Fifteen percent of the balance remaining after deduction of the cost of collection shall be deposited in the General Fund.

Alabama § 40-21-55 (Electric, Hydroelectric, Gas, or Any Other Public Utility - Distribution of Revenues) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.