Statutes > Alabama Statutes > Title 11 — COUNTIES AND MUNICIPAL CORPORATIONS. > Title 3 — PROVISIONS APPLICABLE TO COUNTIES AND MUNICIPAL CORPORATIONS. > Section 11-92A-17 Exemption from usury and interest laws.

Section 11-92A-17 Exemption from usury and interest laws.

Section 11-92A-17

Exemption from usury and interest laws.

An authority shall be exempt from all laws of the state now or hereafter governing usury or prescribing or limiting interest rates, including without limitation the provisions of Chapter 8 of Title 8.

(Acts 1989, No. 89-404, p. 802, §17.)