Disposition of funds.

In each fiscal year, the distribution of the share of in-lieu-of-taxes payments of the Tennessee Valley Authority for Marshall County shall be as follows:

(1) Twenty-five percent of the total amount allocated to Marshall County shall be distributed to the Marshall County Board of Education, the Arab City Board of Education, the Guntersville City Board of Education, the Albertville City Board of Education, and the Boaz Board of Education, on a per pupil basis based upon the student enrollment of the respective schools on the last day of the first monthly attendance report of each school year.

(2)a. Four percent of the remaining 75 percent shall be allocated for the operation of the Marshall County Legislative Delegation Office.

b. Any funds not expended for the operation of the legislative office may be used for educational purposes or industrial or economic development projects in Marshall County as approved by unanimous consent of the legislative delegation.

(3) The remaining 71 percent shall be allocated as provided herein and shall be reviewed by the county legislative delegation every four years.

a.1. Six percent of the remaining 71 percent or two hundred thirty two thousand dollars ($232,000), whichever is greater, shall be allocated to the Marshall County Economic Development Office. These moneys shall be used to employ a director and staff and to carry out the operation of recruiting industries and job opportunities for Marshall County and each of the municipalities in the county. The director shall be employed by the Economic Development Board.

2. All money previously allocated to the Marshall County Economic Development Board which is accumulated and held in a designated fund for industrial or economic development projects in Marshall County is released for further allocation at the direction of the board.

b. Thirty thousand dollars ($30,000) shall be allocated to the Marshall County Commission to help provide for school resource officers in the Marshall County school system.

c. Fifteen thousand dollars ($15,000) shall be allocated to the Marshall County Economic Development Board in addition to the allocation in paragraph

d. Twenty-five thousand dollars ($25,000) shall be allocated to the Mountain Valley Council on the Arts commencing on October 1, 2006.

e. Thirteen thousand dollars ($13,000) shall be allocated to the City of Albertville for ambulance use so long as ambulance service is provided by the city; and twenty-seven thousand dollars ($27,000) shall be allocated to the City of Arab for ambulance use so long as the ambulance service is provided by the city.

f. Fifty thousand dollars ($50,000) shall be allocated to Mountain Lakes Behavioral Health Care, for mental health services, including substance abuse treatment and prevention.

g. Eighteen thousand dollars ($18,000) shall be allocated to the Marshall County Convention and Visitors Bureau.

h. Twenty-five thousand dollars ($25,000) shall be allocated to the Marshall County Coalition Against Domestic Violence.

i. Twenty-five thousand dollars ($25,000) shall be allocated to CASA of Marshall County, Inc., for services to the aging and homebound.

j. Twenty-five thousand dollars ($25,000) shall be allocated to the Marshall County RSVP.

(4) All remaining amounts after the preceding allocations shall be paid to the county governing body to be distributed to the county and municipalities as provided by law.

(Act 86-564, p. 1151, § 1; Act 90-396, p. 554, § 1; Act 93-550, p. 905, § 1; Act 97-490, p. 875, § 1; Act 2000-208, p. 275, § 1; Act 2003-235, p. 583, § 1; Act 2006-346, p. 916, § 1; Act 2007-498, p. 1056, § 1; Act 2012-480, p. 1329, § 1; Act 2016-291, p. 728, § 1.)