Exemption of Corridor from Usury and Interest Laws

Ala. Code § 11-66A-13, under Research and Development Corridors.

Ala. Code § 11-66A-13

Each corridor and the contractual agreements and financial obligations of the corridor shall be exempt from state laws governing usury or prescribing or limiting interest rates, including, but not limited to, Chapter 8 of Title 8. (Act 2024-308, §13.)