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, Chapter 8 of Title 8, as it may at any time be amended. (Act 82-303, p. 393, §16.)
Exemption from Usury and Interest Laws
Ala. Code § 45-35A-52.15, under Dothan Downtown Development Authoirty.
Ala. Code § 45-35A-52.15