Section 45-17-160 – Distribution of Tennessee Valley Authority Payments in Lieu of Taxes.

Section 45-17-160 Distribution of Tennessee Valley Authority payments in lieu of taxes. (a) In Colbert County, the payments made to the county commission as authorized in Section 40-28-2, shall be distributed by the county commission as follows: Forty percent of such payments shall be disbursed on the same formula as school funds according to the […]