The authority now or hereafter organized under this article is exempted from the laws of the state governing usury and prescribing or limiting interest rates, including, without limitation, Chapter 8 of Title 8. (Act 93-376, p. 638, §14.)
Ala. Code § 45-30-250.13, under Utilities.
Ala. Code § 45-30-250.13
The authority now or hereafter organized under this article is exempted from the laws of the state governing usury and prescribing or limiting interest rates, including, without limitation, Chapter 8 of Title 8. (Act 93-376, p. 638, §14.)