Each authority shall be exempt from the laws of the state governing usury or prescribing or limiting interest rates, including, without limitation, the provisions of Chapter 8 of Title 8.
Ala. Code § 11-47-229
Exemption from State Laws Governing Usury or Prescribing or Limiting Interest Rates.
(Acts 1996, No. 96-320, p. 361, §11.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.