Code of Alabama
Article 9
Section 11-81-276 - Exemption From Usury and Interest Laws.

An authority shall be exempt from all laws of the state now or hereafter governing usury or prescribing or limiting interest rates, including, without limitation, Chapter 8 of Title 8.

Structure Code of Alabama

Code of Alabama

Title 11 - Counties and Municipal Corporations.

Title 3 - Provisions Applicable to Counties and Municipal Corporations.

Chapter 81 - Municipal and County Bonds.

Section 11-81-260 - Definitions.

Section 11-81-261 - Legislative Findings of Fact and Declaration of Intent; Construction of Article.

Section 11-81-262 - Authorization and Procedure for Incorporation Generally.

Section 11-81-263 - Filing of Application for Incorporation With Probate Judge; Contents Thereof; Recordation of Application by Probate Judge; Approval or Disapproval by Governing Body of County of Incorporation and Each Participating Municipality.

Section 11-81-264 - Contents, Signing, and Filing of Articles.

Section 11-81-265 - Authorization and Procedure for Reincorporation of Existing Road Improvement Commissions; Continuation in Office of Directors; Effect of Reincorporation.

Section 11-81-266 - Further Authorization and Procedure for Reincorporation of Existing Road Improvement Commissions.

Section 11-81-267 - Recordation of Articles by Judge of Probate; Judge of Probate to Receive No Fees in Connection With Incorporation, Reincorporation, Dissolution, etc., of Authority.

Section 11-81-268 - Powers of Authority Vested in Board of Directors; Officers and Directors; Recordkeeping; Admissibility of Evidence; Adoption of Bylaws; Meetings; Qualifications.

Section 11-81-269 - Members of the Board of Directors; Terms; Meetings; Removal From Office.

Section 11-81-270 - Amendment of Articles.

Section 11-81-271 - Powers of Authority Generally.

Section 11-81-272 - Issuance and Sale of Bonds.

Section 11-81-273 - Execution of Bonds and Interest Coupons; Form, Terms, Denominations, etc., of Bonds; Validation of Bonds; Sale; Refunding Bonds.

Section 11-81-274 - Security for Bonds.

Section 11-81-275 - Disposition of Funds; Negotiability of Bonds; Exemption From Taxation; Security; Investment in Bonds.

Section 11-81-276 - Exemption From Usury and Interest Laws.

Section 11-81-277 - Exemptions From Taxation.

Section 11-81-278 - Transfer of Funds and Assets to Authority.

Section 11-81-279 - Dissolution of Authority; Title to Property of Authority to Vest in County of Incorporation Upon Dissolution of Authority Unless Otherwise Provided.