Alabama § 45-22-161 - Tva Payments Fund.
Full text of Alabama Code of Alabama § 45-22-161 — Tva Payments Fund., with citation guidance and answers to common questions.
§ 45-22-161. Tva Payments Fund.
(a) Any payments coming into the treasury of Cullman County that are derived, directly or indirectly, from payments by the Tennessee Valley Authority in lieu of the payment of ad valorem taxes shall be placed in a separate fund to be known as the “TVA Payments Fund.” Except as provided in subsection (b), the monies in the fund shall be paid out and used in the following percentages and manner:
(1) Fifty percent shall be used exclusively for the maintenance, repair, construction, and reconstruction of the public roads and bridges in Cullman County.
(2) Twenty-five percent shall be distributed directly to the incorporated municipalities in Cullman County on the basis of population.
(3) Twenty-five percent shall be paid into the general fund and may be used for any of the lawful purposes of Cullman County.
(b) Notwithstanding subsection (a), commencing October 1, 2001, from the amounts received in the “TVA Payments Fund,” directly or indirectly, there shall be paid out and used in the following manner:
(1) A minimum of one hundred twenty-five thousand dollars ($125,000) shall be distributed directly to the county board of education.
(2) A minimum of seventy-five thousand dollars ($75,000) to the Cullman City Board of Education.
(3) The remainder shall be used and distributed as provided in subsection (a).
(4) Cullman County and the municipalities of Cullman County may allocate funds for education purposes from their TVA payments in addition to the funds provided in this subsection.
Frequently Asked Questions About Alabama § 45-22-161
What does Code of Alabama § 45-22-161 cover?
Section 45-22-161 ("Tva Payments Fund.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 45-22-161?
A common citation format is "Code of Alabama § 45-22-161" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 45-22-161 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.