GroundRules
Ala. Code § 11-99A-16: Exemptions of District - Usury and Interest Laws.
Where this section sits in the code
- Title 11 Counties and Municipal Corporations.
- Title 3 Provisions Applicable to Counties and Municipal Corporations.
- Chapter 99A Alabama Improvement Districts.
The rate of interest borne by the assessments shall be exempt from all usury laws or laws prescribing or restricting the rate of interest. Each district organized under this chapter is exempt 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.
Collected 2026-09-03T14:01:52Z. Source file · JSON