Alabama Statutes

§ 45-36-162 — Distribution of Payments

Alabama § 45-36-162
JurisdictionAlabama
Title 45Local Laws
Ch. 36Jackson County
Art. 16Government Operations
Part 3Tennessee Valley Authority in Lieu of Taxes

This text of Alabama § 45-36-162 (Distribution of Payments) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ala. Code § 45-36-162 (2026).

Text

(a)Any payments coming into the treasury of Jackson County that are derived, directly or indirectly, from payments by the Tennessee Valley Authority in lieu of payment of taxes shall be appropriated as follows:
(1)One percent to the Jackson County Economic Development Fund paid to the fund monthly until it reaches a balance of one million dollars ($1,000,000); the payments shall continue whenever the balance in the fund drops below one million dollars ($1,000,000). The county commission may invest the funds to the benefit of local governments and entities in the county, and expend the same for disaster relief in the county or for any economic purpose that benefits the county, including, but not limited to, any activity or purpose which provides an incentive for the creation or retention

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Legislative History

(Act 79-473, p. 873, §1; Act 99-550, p. 1194, §1; Act 2012-421, p. 1138, §1; Act 2013-318, p. 1132, §1; Act 2013-435, p. 1742, §1; Act 2016-115, p. 190, §1; Act 2018-270, §1; Act 2018-498, §1.)

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Bluebook (online)
Alabama § 45-36-162, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/45-36-162.