Ala. Code § 11-54-97
Current with legislation from 2024 effective through May 17, 2024.
Each industrial development board now or hereafter organized under the provisions of this division 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.
Ala. Code § 11-54-97 (1975)