Exemption From State Laws Governing Usury or Prescribing or Limiting Interest Rates.

  1. Law
  2. Code of Alabama
  3. Counties and Municipal Corporations.
  4. Provisions Applicable to Municipal Corporations Only.
  5. Powers, Duties and Liabilities Generally.
  6. Parks, Playgrounds, and Other Recreational and Athletic Areas and Facilities.
  7. Exemption From State Laws Governing Usury or Prescribing or Limiting Interest Rates.

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Section 11-47-229

Exemption from state laws governing usury or prescribing or limiting interest rates.

Each authority shall be exempt from the laws of the state governing usury or prescribing or limiting interest rates, including, without limitation, the provisions of Chapter 8 of Title 8.

(Acts 1996, No. 96-320, p. 361, §11.)


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