§40-7-99. Warrants exempt from laws relative to usury, interest, etc.  


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  • Any warrants issued by a county under the provisions of this division for the purpose of paying the cost of reappraisal of property as required by Division 1 of this article 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.

(Acts 1975, No. 1129, p. 2223, §1.)