Exemption from Usury and Interest Laws

Ala. Code § 11-81-276, under Joint Road Improvement Authorities.

Ala. Code § 11-81-276

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, Chapter 8 of Title 8. (Act 2021-408, §17.)