Any warrants issued by a county under the provisions of this chapter 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, as amended.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 1 - Provisions Applicable to Counties Only.
Chapter 11A - Warrants Issued in Anticipation of Ad Valorem Taxes.
Section 11-11A-2 - Assignment and Pledge of Tax Proceeds for Payment of Principal and Interest.
Section 11-11A-3 - Issuance of Refunding Warrants.
Section 11-11A-4 - Exemption From Usury or Interest Provisions.