Code of Alabama
Chapter 28 - Distribution of Payments Made in Lieu of Taxes.
Section 40-28-1 - Definitions.

The following words, terms and phrases, where used in this chapter, shall have the following respective meanings, except where the context clearly indicates a different meaning:
(1) T.V.A. The Tennessee Valley Authority.
(2) A.B.C. The Alcoholic Beverage Control Board.
(3) A.B.C. PAYMENTS. Any moneys which are distributed by law to the several local governments from the taxes and/or profits of the Alcoholic Beverage Control Board.
(4) BOOK VALUE. The value that T.V.A. carries on its books for its property.
(5) INDUSTRIAL POWER SALES. That power which is sold by T.V.A. directly to individual concerns as reported and determined by T.V.A.
(6) IN-LIEU-OF-TAXES PAYMENTS. Those payments made directly to the state of Alabama and not to local governments or distributors under federal statute (16 USC, §831) by T.V.A. which are in lieu of all taxes to all levels of government in Alabama.
(7) PROPERTY. The property of T.V.A. allocated to or associated with the power program of T.V.A. as reported by T.V.A.
(8) SERVED or T.V.A.-SERVED. Provided power that is produced by T.V.A. and sold through municipal or cooperative distributors or T.V.A. as reported by T.V.A.
(9) WET. The local governments in areas which permit the sale of alcoholic beverages.
(10) DRY. The local governments in areas which prohibit the sale of alcoholic beverages.

Structure Code of Alabama