Alabama Code (Last Updated: November 28, 2014) |
Title45 LOCAL LAWS. |
Chapter27A. ESCAMBIA COUNTY MUNICIPALITIES. |
Article3. Brewton. |
Part2. Economic and Industrial Development. |
§45-27A-31.15. Exemption from usury and interest laws.
Latest version.
-
The authority shall be exempt from the laws of the State of Alabama governing usury or prescribing or limiting interest rates, including, but without limitation to, the provisions of Chapter 8 of Title 8, as it may at any time be amended.