Section 11-94-20 Exemption from usury and interest laws.
Section 11-94-20
Exemption from usury and interest laws.
Each authority incorporated under this chapter shall be exempt from the laws of the State of Alabama governing usury or prescribing or limiting interest rates, including, without limitation, the provisions of Chapter 8 of Title 8.
(Acts 1980, No. 80-647, p. 1220, §20.)