The authority now or hereafter organized under this article is exempted from the laws of the State of Alabama governing usury and prescribing or limiting interest rates, including, without limitation, the provisions of Chapter 8 of Title 8.
Structure Code of Alabama
Section 45-25-250 - Definitions.
Section 45-25-250.01 - Legislative Intent.
Section 45-25-250.02 - Amendment of Certificate of Incorporation.
Section 45-25-250.03 - Board of Directors.
Section 45-25-250.04 - Powers of Authority.
Section 45-25-250.05 - Additional Powers and Rights.
Section 45-25-250.06 - Contracts of the Authority.
Section 45-25-250.07 - Rates, Fees, and Charges.
Section 45-25-250.08 - Planning, Development, Operation, etc., of Water, Sewer, or Garbage Systems.
Section 45-25-250.09 - Rights-of-Way.
Section 45-25-250.10 - Governmental Functions; Liability of Authority.
Section 45-25-250.11 - Exemption From Taxes, Fees, Etc.
Section 45-25-250.12 - Exemption From Usury Statutes.
Section 45-25-250.13 - Dissolution of Authority.
Section 45-25-250.14 - Validity of Certificate of Incorporation.
Section 45-25-250.15 - Proceedings, Notice, and Approval of Authority Actions.