(a) Bonds, notes and other securities issued by any public hospital corporation are hereby exempted from all laws of the state governing usury or prescribing or limiting interest rates, including, without limitation, the provisions of Chapter 8 of Title 8 of this code.
(b) For the purposes of this section, the following terms shall have the meanings respectively ascribed to them by this subsection:
(1) STATE. The State of Alabama.
(2) PUBLIC HOSPITAL CORPORATION. Any public corporation organized pursuant to the provisions of any of the following statutes, as heretofore or hereafter amended:
a. Section 22-21-5,
b. Article 3 of this chapter, or
c. Division 1 of Article 4 of this chapter.
Structure Code of Alabama
Title 22 - Health, Mental Health, and Environmental Control.
Title 1 - Health and Environmental Control Generally.
Chapter 21 - Hospitals and Other Health Care Facilities Generally.
Article 1 - General Provisions.
Section 22-21-1 - Establishment of Hospitals by Local Authorities.
Section 22-21-2 - Appropriations for Indigent Persons in Hospitals.
Section 22-21-3 - Scholarships for Professional and Technical Personnel at Public Hospitals.
Section 22-21-4 - Annual Audit of Books and Records of Publicly Owned Medical Institutions.
Section 22-21-5 - Incorporation of Public Bodies Created Under Chapter; Powers of Same.
Section 22-21-8 - Confidentiality of Accreditation, Quality Assurance Credentialling Materials, Etc.
Section 22-21-9 - Name Tags, etc., Required for Nurses.
Section 22-21-11 - Mandatory Reporting of Any Injury Resulting From Gunshot; Liability.