Alabama Statutes
§ 22-23B-10 — Usury Exemption
Alabama·Title 22 Health, Mental Health, and Environmental Control·Ch. 23B Alabama Drinking Water Finance Authority
All notes, bonds or other securities issued by the authority shall be exempt from the laws of the state governing usury or prescribing or limiting interest rates, including, but without limitation, the provisions of Chapter 8 of Title 8.
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Legislative History
(Acts 1997, No. 97-415, p. 687, §10.)
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