Code of Alabama - Title 40: Revenue and Taxation - Section 40-7-99 - Warrants exempt from laws relative to usury, interest, etc

Section 40-7-99 - Warrants exempt from laws relative to usury, interest, etc.

Any warrants issued by a county under the provisions of this division for the purpose of paying the cost of reappraisal of property as required by Division 1 of this article are hereby exempted from the laws of the State of Alabama governing usury or prescribing or limiting interest rates, including, without limitation, the provisions of Chapter 8 of Title 8.

(Acts 1975, No. 1129, p. 2223, §1.)

Last modified: May 3, 2021