§7-11B-27. Computation of local share for support of public
schools when tax increment financing is used.
For purposes of any computation made in accordance with the
provisions of section eleven, article nine-a, chapter eighteen of
this code, for a county in which there is tax increment financing
in effect pursuant to this article, the assessed value shall be the
current assessed value minus the amount of assessed value used to
determine the tax increment amount, minus any other adjustments
allowed by section eleven of said article.