Statutes > Alabama Statutes > Title 11 — COUNTIES AND MUNICIPAL CORPORATIONS. > Title 3 — PROVISIONS APPLICABLE TO COUNTIES AND MUNICIPAL CORPORATIONS. > Section 11-89A-17 Exemption from usury and interest laws.

Section 11-89A-17 Exemption from usury and interest laws.

Section 11-89A-17

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. 80-278, p. 368, §18.)