The 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
Chapter 41A - Lee County Municipalities.
Part 1 - Downtown Development Authority.
Section 45-41A-10 - Legislative Intent.
Section 45-41A-10.01 - Definitions.
Section 45-41A-10.02 - Use of Particular Terms and Phrases.
Section 45-41A-10.03 - Application; Authorization of Incorporation.
Section 45-41A-10.04 - Incorporation Procedures; Contents and Execution of Certificate.
Section 45-41A-10.05 - Amendments to Certificate of Incorporation.
Section 45-41A-10.06 - Board of Directors.
Section 45-41A-10.07 - Officers of the Authority.
Section 45-41A-10.08 - Powers of Authority.
Section 45-41A-10.09 - Boards of the Authority.
Section 45-41A-10.10 - Proceeds From Sale of Bonds.
Section 45-41A-10.11 - Refunding Bonds.
Section 45-41A-10.12 - Notice of Bond Resolution.
Section 45-41A-10.13 - Exemption From Taxation.
Section 45-41A-10.14 - Liability of City.
Section 45-41A-10.15 - Exemption From Usury and Interest Laws.
Section 45-41A-10.16 - Exemption From Competitive Bid Laws.
Section 45-41A-10.17 - Freedom of the Authority From State Supervision and Control.
Section 45-41A-10.18 - Earnings of the Authority.
Section 45-41A-10.19 - Dissolution of Corporation.
Section 45-41A-10.20 - Existence of Authority to Prevent Subsequent Incorporation.