Ala. Code § 11-50-319
Current with legislation from 2024 effective through July 1, 2024.
Each waterworks board now or hereafter organized under the provisions of this article is 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 of this Code.
Ala. Code § 11-50-319 (1975)