Alabama Statutes
§ 11-88-17 — Exemption of Authority from Usury Laws, Etc
Alabama·Title 11 Counties and Municipal Corporations·Ch. 88 Water, Sewer and Fire Protection Authorities·Art. 1 General Provisions
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.
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Legislative History
(Acts 1971, 3rd Ex. Sess., No. 169, p. 4419.)
Nearby Sections
15
§ 11-1-1
Number and Names of Counties§ 11-1-2
County Declared a Body Corporate