Any warrants issued by a county under the provisions of this division for the purpose of paying the cost of reappraisal of property as required by Division 1 of this article 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.
Structure Code of Alabama
Title 40 - Revenue and Taxation.
Chapter 7 - Assessment of Taxes Generally.
Article 2 - Statewide Property Reappraisal.
Division 2 - County Bonds for Purpose of Paying Costs of Reappraisal.
Section 40-7-90 - Definitions.
Section 40-7-91 - Legislative Intent.
Section 40-7-92 - Authorization to Issue Warrants.
Section 40-7-93 - Special Pledges for Payment.
Section 40-7-94 - Authorization to Issue Refunding Warrants.
Section 40-7-95 - Warrants to Be Legal Investments for Trust Funds.
Section 40-7-96 - Issuance of Warrants Deemed to Constitute Audit and Allowance of Claim.
Section 40-7-97 - Conflicts With Other Laws.
Section 40-7-98 - Payment of Pro Rata Shares of Principal of and Interest on Warrants.
Section 40-7-99 - Warrants Exempt From Laws Relative to Usury, Interest, Etc.
Section 40-7-100 - Division Supplemental to Division 1 of This Article.