There is a newer version of the Code of Alabama
2006 Alabama Code - 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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