Ala. Code § 11-88-17 : COUNTIES AND MUNICIPAL CORPORATIONS — PROVISIONS APPLICABLE TO COUNTIES AND MUNICIPAL CORPORATIONS — WATER, SEWER AND FIRE PROTECTION AUTHORITIES — GENERAL PROVISIONS —88-17 - Exemption of authority from usury laws, etc

Each authority now or hereafter organized under the provisions of this article is hereby exempted from the laws of the State of Alabama governing usury and prescribing or limiting interest rates, including, without limitation, the provisions of Chapter 8 of Title 8.

Ala. Code § 11-88-17 (1975)

Acts 1971, 3rd Ex. Sess., No. 169, p. 4419.
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