The 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. 80-586, p. 913, §12.)
Exemption from Usury and Interest Laws
Ala. Code § 2-3A-12, under General Provisons.
Ala. Code § 2-3A-12