Alabama Code (Last Updated: November 28, 2014) |
Title40 REVENUE AND TAXATION. |
Chapter7. ASSESSMENT OF TAXES GENERALLY. |
Article2. Statewide Property Reappraisal. |
Division2. County Bonds for Purpose of Paying Costs of Reappraisal. |
§40-7-99. Warrants exempt from laws relative to usury, interest, etc.
Latest version.
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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.