§ 67-9-101. Basis of Apportionment
Any increase in the payments received by the state from the Tennessee Valley authority in lieu of taxes under § 13 of the act of congress creating the authority, as amended, above the payments received in the fiscal year 1977-1978 shall be apportioned between the state and local governments in the following manner: Forty-eight and […]
§ 67-9-102. Proration of Payments to Counties and Municipalities — Eligibility of Impacted Areas — Phasing Out of Payments
Payments provided in § 67-9-101(a)(2) shall be made in accordance with the following formula: Thirty percent (30%) of the available amount shall be paid to counties in accordance with the percentage that the population of each county bears to the total state population; Thirty percent (30%) of the available amount shall be paid to counties […]
§ 67-9-103. Distribution of Payments
Upon receipt of any payments in lieu of taxes by the Tennessee Valley authority, the commissioner of revenue shall be notified. The commissioner of revenue shall determine, in accordance with this part, the payments to local governments and shall direct the commissioner of finance and administration to make such payments.