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, the provisions of Chapter 8 of Title 8.
Structure Code of Alabama
Chapter 8A - Calhoun County Municipalities.
Part 1 - Downtown Development Authority.
Section 45-8A-20 - Legislative Intent.
Section 45-8A-20.01 - Definitions.
Section 45-8A-20.02 - Use of Phrases.
Section 45-8A-20.05 - Amendments to Certificate of Incorporation.
Section 45-8A-20.06 - Board of Directors.
Section 45-8A-20.07 - Officers of the Authority.
Section 45-8A-20.08 - Powers of Authority.
Section 45-8A-20.09 - Bonds of Authority.
Section 45-8A-20.10 - Proceeds From the Sale of Bonds.
Section 45-8A-20.11 - Refunding Bonds.
Section 45-8A-20.12 - Notice of Bond Resolution.
Section 45-8A-20.13 - Exemption From Taxation.
Section 45-8A-20.14 - Liability of City.
Section 45-8A-20.15 - Exemption From Usury and Interest Laws.
Section 45-8A-20.16 - Exemption From Competitive Bid Laws.
Section 45-8A-20.17 - Freedom of Authority From State Supervision and Control.
Section 45-8A-20.18 - Earnings of the Authority.
Section 45-8A-20.19 - Dissolution of the Corporation and Vesting of Title to Property in the City.
Section 45-8A-20.20 - Existence of the Authority to Prevent Incorporation of Another by the City.