Alabama Code (Last Updated: November 28, 2014) |
Title22 HEALTH, MENTAL HEALTH, AND ENVIRONMENTAL CONTROL. |
Title1 HEALTH AND ENVIRONMENTAL CONTROL GENERALLY. |
Chapter23B. ALABAMA DRINKING WATER FINANCE AUTHORITY. |
§22-23B-10. Usury exemption.
Latest version.
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All notes, bonds or other securities issued by the authority shall be exempt from the laws of the state governing usury or prescribing or limiting interest rates, including, but without limitation, the provisions of Chapter 8 of Title 8.