11-14-18
Section 11-14-18 Exemption of securities from usury and interest statutes. Any securities issued
by any county payable from or secured by a pledge of any part of the tax proceeds of the special
tax authorized to be levied under the second proviso of Section 215 of the Constitution of
Alabama of 1901, as amended by Amendment 208, and Sections 11-14-10, 11-14-11, and 11-14-16,
are 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. (Acts 1975, No. 1132, §1.)...
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45-8-90
Section 45-8-90 Economic Development Council - Creation; composition; powers and duties. (a)(1)
For the purposes of promoting industry and trade and economic development and to assist Calhoun
County and the municipalities located therein in their pursuits therefor and to provide for
the exercise by the county and the municipalities of certain powers and authority proposed
to be granted to them by an amendment to the Constitution of Alabama, the act proposing such
amendment being adopted at the same session of the Legislature at which the act adding this
section was adopted, there is hereby created an economic development council for Calhoun County,
which council shall constitute a public corporation under the name Calhoun County Economic
Development Council. (2) This section shall be liberally construed in conformity with the
purposes. (b)(1) The powers and authorities of the Calhoun County Economic Development Council
shall be vested in and performed by a board of directors. (2) The...
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22-21-6
Section 22-21-6 Certain public hospital corporations exempted from usury and interest rate
limitation laws. (a) Bonds, notes and other securities issued by any public hospital corporation
are hereby exempted from all laws of the state governing usury or prescribing or limiting
interest rates, including, without limitation, the provisions of Chapter 8 of Title 8 of this
code. (b) For the purposes of this section, the following terms shall have the meanings respectively
ascribed to them by this subsection: (1) STATE. The State of Alabama. (2) PUBLIC HOSPITAL
CORPORATION. Any public corporation organized pursuant to the provisions of any of the following
statutes, as heretofore or hereafter amended: a. Section 22-21-5, b. Article 3 of this chapter,
or c. Division 1 of Article 4 of this chapter. (Acts 1975, No. 192, p. 679.)...
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22-21-182
Section 22-21-182 Borrowing by corporation generally; debts not obligations of state, counties
or municipalities; tax exemptions. (a) All securities of the corporation shall be signed in
the name and behalf of the corporation by its chairman and attested by its secretary, but
a facsimile of the signature of one, but not both, of such officers may be printed thereon
in lieu of the manual signature of such officer, and the seal of the corporation shall be
affixed thereto or a facsimile thereof printed thereon. Any interest coupons applicable to
any securities of the corporation shall be signed by its chairman, but a facsimile of such
chairman's signature may be printed on any such interest coupons in lieu of his manually signing
the same. Any securities of the corporation may be executed and delivered by it at any time
and from time to time, shall be in such form and denomination and of such tenor and maturity
or maturities not exceeding 40 years from their date, shall contain such...
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40-14A-1
Section 40-14A-1 Definitions. For purposes of this chapter, the following terms shall mean:
(a) ALABAMA S CORPORATION. An S corporation defined under Section 40-18-160. (b) C CORPORATION.
A corporation other than an Alabama S corporation. (c) CODE. The Internal Revenue Code of
1986, as amended from time to time. (d) CORPORATION. An entity, including a limited liability
company electing to be taxed as a corporation for federal income tax purposes, through which
business can be conducted while offering limited liability to the owners of the entity with
respect to some or all of the obligations of the entity, other than a limited liability entity
or a disregarded entity. The term "corporation" shall include but not be limited
to the following: Corporations, professional corporations, joint stock companies, unincorporated
professional associations, real estate investment trusts, limited liability companies electing
to be taxed as corporations for federal income tax purposes, and all...
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16-16A-7
Section 16-16A-7 Additional findings; bonds authorized; procedures. (a) The Legislature finds
that the number of students attending the several school systems located in those areas of
North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions
will collectively increase by an estimated 9,000 students. As a result, there will be a need
for the construction of additional school facilities as well as the renovation of existing
school facilities. The Legislature also finds that the 2005 BRAC and Subsequent BRAC Actions
will have a positive impact on future receipts to the Education Trust Fund, as the significant
population growth in North Alabama will increase sales, income, and other tax collections.
Thus, it is an efficient use of state funds to allow such revenue growth to help pay for capital
improvement costs associated with BRAC-related school construction. (b) The Alabama Public
School and College Authority is hereby authorized to sell and issue its...
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11-54A-16
Section 11-54A-16 Exemption from usury and interest laws. 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, as it may at
any time be amended. (Acts 1985, No. 85-683, p. 1080, §16.)...
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11-92C-16
Section 11-92C-16 Exemption from usury laws. An 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. (Act 2020-72,
§16.)...
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11-95-13
Section 11-95-13 Exemption from usury and interest laws. A corporation 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 as it may at
any time be amended. (Acts 1981, No. 81-338, p. 480, §13.)...
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45-23A-91.15
Section 45-23A-91.15 Exemption from usury and interest laws. 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. (Act 84-395, p. 904, §16.)...
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