The authority now or hereafter organized under this article is exempted from the laws of the state governing usury and prescribing or limiting interest rates, including, without limitation, Chapter 8 of Title 8.
Structure Code of Alabama
Section 45-30-250 - Definitions.
Section 45-30-250.01 - Legislative Intent.
Section 45-30-250.02 - Franklin County Water Service Authority - Incorporation.
Section 45-30-250.03 - Amendment to Certificate of Incorporation.
Section 45-30-250.04 - Board of Directors.
Section 45-30-250.05 - Powers of Authority.
Section 45-30-250.06 - Additional Powers and Rights.
Section 45-30-250.07 - Contracts of the Authority.
Section 45-30-250.08 - Rates, Fees, and Charges.
Section 45-30-250.09 - Planning, Development, Operation, etc., of Water Service Systems.
Section 45-30-250.10 - Rights-of-Way.
Section 45-30-250.11 - Governmental Functions; Liability of Authority.
Section 45-30-250.12 - Exemptions From Taxes, Fees, Etc.
Section 45-30-250.13 - Exemption From Usury Statutes.
Section 45-30-250.14 - Dissolution of Authority.
Section 45-30-250.15 - Validity of Incorporation.
Section 45-30-250.16 - Proceedings, Notice, and Approval of Authority Actions.
Section 45-30-250.17 - Auditing.
Section 45-30-250.18 - Transfer of Assets and Liabilities Upon Dissolution of Predecessor Entitites.