Section 11-54-185 Exemption from usury and interest laws.
Section 11-54-185
Exemption from usury and interest laws.
Each 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, the provisions of Chapter 8 of Title 8.
(Acts 1980, No. 80-648, p. 1235, §16.)