An 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, Chapter 8 of Title 8 as it may at any time be amended.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Section 11-92C-1 - Legislative Intent.
Section 11-92C-2 - Definitions.
Section 11-92C-4 - Procedure to Incorporate; Contents and Execution of Certificate of Incorporation.
Section 11-92C-5 - Amendments to Certificate of Incorporation.
Section 11-92C-6 - Board of Directors to Govern Each Authority.
Section 11-92C-7 - Officers of Authority.
Section 11-92C-8 - Powers of Authority.
Section 11-92C-9 - Bonds of Authority.
Section 11-92C-10 - Proceeds From the Sale of Bonds.
Section 11-92C-11 - Refunding Bonds.
Section 11-92C-12 - Notice of Bond Resolution.
Section 11-92C-13 - Exemption From Taxation.
Section 11-92C-14 - Liability of Authorizing Subdivision.
Section 11-92C-15 - Failure to Pay Past Due Assessments.
Section 11-92C-16 - Exemption From Usury Laws.
Section 11-92C-17 - Exemption From Competitive Bid Laws.
Section 11-92C-18 - Freedom of Authority From State Supervision and Control.
Section 11-92C-19 - Earnings of Authority.
Section 11-92C-20 - Dissolution of Authority and Vesting of Title to Property.