Code of Alabama - Title 11: Counties and Municipal Corporations - Section 11-47-229 - Exemption from state laws governing usury or prescribing or limiting interest rates
Section 11-47-229 - Exemption from state laws governing usury or prescribing or limiting interest rates.
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.