HB362 Alabama 2022 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2022
Title
Related to Tennessee Valley Authority (T.V.A.) in-lieu-of-taxes payments, to revise the distribution of payments received by certain counties, to make nonsubstantive technical changes to update existing Code language to current style, Sec. 40-28-2 am'd.
Description
Under existing law, the state receives annual Tennessee Valley Authority (T.V.A.) in-lieu-of-taxes payments and those funds are allocated to counties served by the T.V.A. and the State General Fund
This bill would revise the distribution of T.V.A. in-lieu-of-taxes payments received by certain counties and would make other nonsubstantive technical revisions to update existing Code language to current style
Relating to Tennessee Valley Authority in-lieu-of taxes payments; to amend Section 40-28-2, Code of Alabama 1975, to provide further for the distribution of proceeds to served counties; and to make other nonsubstantive technical revisions to update the existing Code language to current style.
Subjects
Tennessee Valley Authority
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 16, 2022 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB362 Alabama 2022 Session - Introduced |