134 chapters · 10,612 sections in this title.
Ala. Code § 45-35A-52.15 Exemption from Usury and Interest Laws
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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.)
Ala. Code § 45-35A-52.16 Exemption from Competitive Bid Laws
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(a) The authority and all contracts made by it shall be exempt from the laws of the State of Alabama requiring competitive bids for any contract to be entered into by municipalities or public corporations authorized by them, including, but without limitation to, Article 3, commen…
Ala. Code § 45-35A-52.17 Freedom of Authority from State Supervision and Control
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(a) This part is intended to aid the state through the furtherance of the purposes of this part by providing an appropriate and independent instrumentality of the state with full and adequate powers to fulfill its functions. Except as expressly provided in this part, no proceedin…
Ala. Code § 45-35A-52.18 Earnings of the Authority
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The authority shall be a nonprofit corporation and no part of its net earnings remaining after payment of its expenses shall inure to the benefit of any individual, firm, or corporation, except that in the event a board shall determine that sufficient provision has been made for …