Section 11-88-17

Exemption of authority from usury laws, etc.

Each authority now or hereafter organized under the provisions of this article is hereby exempted from the laws of the State of Alabama governing usury and prescribing or limiting interest rates, including, without limitation, the provisions of Chapter 8 of Title 8.

(Acts 1971, 3rd Ex. Sess., No. 169, p. 4419.)