(a) The council, as herein provided, may be financially supported, from time to time, by revenues from whatever source derived as appropriated to the council by a city governing body, the county commission, or the Legislature.
(b) After March 6, 2017, all funds previously distributed to the Randolph County Industrial Development Council established pursuant to Act 2001–425 (Acts 2001, p. 541) including, but not limited to, that portion of additional tobacco tax distributed to the council pursuant to Part 4, commencing with Section 45–56–243, of Article 24, shall be used to pay any indebtedness of the old council, and shall be distributed to the council as established by this article to be used for the purposes of this article.