Code of Alabama - Title 11: Counties and Municipal Corporations - Section 11-101A-18 - Exemption from usury laws
Section 11-101A-18 - Exemption from usury laws.
An authority shall be exempt from all laws of the state governing usury or prescribing or limiting interest rates, including, but without limitation to, Chapter 8 (commencing with Section 8-8-1) of Title 8.