Each participating board of education and participating local government shall pay and deposit, or cause to be paid and deposited, into its general fund all amounts distributed and paid to it pursuant to applicable provisions of Sections 45-52-161.03, 45-52-161.04, and 45-52-161.07, and all such amounts may be expended by the participating board of education or participating local government as the case may be, for any purpose for which it may otherwise lawfully expend moneys in the general fund.
Structure Code of Alabama
Article 16 - Government Finance and Operations.
Part 2 - Tennessee Valley Authority in Lieu of Taxes.
Division 1 - Distribution of Tva.
Section 45-52-161.01 - Distribution of Tva Payments.
Section 45-52-161.03 - Payment to Participating Boards of Education.
Section 45-52-161.04 - Further Payment to Participating Boards of Education.
Section 45-52-161.05 - Payment to District.
Section 45-52-161.06 - Morgan County Economic Development Fund.
Section 45-52-161.07 - Payment to Participating Local Governments.