Code of Alabama - Title 11: Counties and Municipal Corporations - Section 11-92C-16 - Exemption from usury laws
Section 11-92C-16 - Exemption from usury laws.
An authority shall be exempt from the laws of the State of Alabama governing usury or prescribing or limiting interest rates, including, but without limitation to, Chapter 8 of Title 8 as it may at any time be amended.