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2020 Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 1 - Provisions Applicable to Counties Only.
Chapter 9 - Warrants for Utility Purposes.
Article 2 - Waterworks Systems Warrants.
Section 11-9-27 - Exemptions From Usury or Interest Rate Statutes.
Universal Citation: AL Code § 11-9-27 (2020)
Section 11-9-27
Exemptions from usury or interest rate statutes.
Any warrants issued by a county under the provisions of this article for the purpose of paying costs of acquiring and providing waterworks systems are hereby exempted from the laws of the State of Alabama governing usury or prescribing or limiting interest rates, including, without limitation, the provisions of chapter 8 of Title 8 of this Code.
(Acts 1975, No. 1131, §1.)
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