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 84-415, p. 981, §16.)
Exemption from Usury and Interest Laws
Ala. Code § 45-41A-40.15, under Downtown Development Authority.
Ala. Code § 45-41A-40.15