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11-88-17
Section 11-88-17 Exemption of authority from usury laws, etc. Each authority now or hereafter
organized under the provisions of this article is hereby exempted from the laws of the State
of Alabama governing usury and prescribing or limiting interest rates, including, without
limitation, the provisions of Chapter 8 of Title 8. (Acts 1971, 3rd Ex. Sess., No. 169, p.
4419.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-17.htm - 677 bytes - Match Info - Similar pages
45-25-250.12
Section 45-25-250.12 Exemption from usury statutes. The authority now or hereafter organized
under this article is exempted from the laws of the State of Alabama governing usury and prescribing
or limiting interest rates, including, without limitation, the provisions of Chapter 8 of
Title 8. (Act 89-426, p. 893, §13.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-25-250.12.htm - 630 bytes - Match Info - Similar pages
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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11-20-5
Section 11-20-5 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, redemption,
etc.; applicability of usury, etc., laws. All bonds issued by a county under authority of
this article shall be limited obligations of the county, the principal of and interest on
which shall be payable solely out of the revenues derived from the leasing of the project
to finance which the bonds are issued. Bonds and interest coupons issued under authority of
this article shall never constitute an indebtedness of the county within the meaning of any
state constitutional provision or statutory limitation and shall never constitute nor give
rise to a pecuniary liability of the county or a charge against its general credit or taxing
powers, and such fact shall be plainly stated on the face of each such bond. Such bonds may
be executed and delivered at any time and from time to time, may be in such form and denominations,
may be of such tenor, may be in registered or bearer form either as to...
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16-16B-4
Section 16-16B-4 (Implementation Conditioned on Separate Legislative Enactment.) Execution
and other details of the bonds. The Bonds shall be signed by the president or vice-president
of the Authority, and the seal of the Authority affixed thereto (or a facsimile thereof imprinted
thereon) and attested by its secretary. All signatures of the president, vice-president, and
secretary may be facsimile signatures if the Authority, in its proceedings with respect to
issuance, provides for manual authentication (which may be in the form of a certificate as
to registration) of the Bonds by a trustee, registrar or paying agent or by named individuals
who are employees of the State and who are assigned to the Finance Department or State Treasurer's
Office of the State. All Bonds bearing signatures or facsimiles of the signatures of officers
of the Authority in office on the date of signing thereof shall be valid and binding notwithstanding
that before the delivery thereof and payment therefor,...
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41-10-36
Section 41-10-36 Definitions. Unless the context requires otherwise, the terms defined in this
section shall have the following meanings for purposes of this division: (1) AFFECTED BOND.
Any obligation or portion thereof which is required under the terms of the code to receive
an allocation of the state ceiling as a condition for the exclusion of interest on such obligation
from the gross income of the recipient thereof for federal income tax purposes. (2) ALLOCATION.
An allocation of a portion of the state ceiling issued by the authority pursuant to the provisions
of this division. (3) APPLICATION. An application for an allocation, submitted by an issuer
under the provisions of this division. (4) APPLICATION FOR CARRYFORWARD ALLOCATION. Any application
filed with the authority seeking an elective carryforward of unused limitation for a "carryforward
purpose" as defined in Section 146(f)(5) of the code. (5) AUTHORITY. The State Industrial
Development Authority, a public corporation of...
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45-39-221.09
Section 45-39-221.09 Exemption from usury and interest laws. The tourism board shall be exempt
from all laws of the state governing usury or prescribing or limiting interest rates, including,
but not limited to, Chapter 8 of Title 8. (Act 2014-267, p. 859, §10.)...
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45-30-250.13
Section 45-30-250.13 Exemption from usury statutes. The authority now or hereafter organized
under this article is exempted from the laws of the state governing usury and prescribing
or limiting interest rates, including, without limitation, Chapter 8 of Title 8. (Act 93-376,
p. 638, §14.)...
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45-29-140.13
Section 45-29-140.13 Exemption from usury statutes. The authority now or hereafter organized
under this article is hereby exempted from the laws of the State of Alabama governing usury
and prescribing or limiting interest rates including, without limitation, Chapter 8 of Title
8. (Act 89-188, p. 169, §14.)...
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45-36-252.12
Section 45-36-252.12 Exemption from usury statutes. The authority now or hereafter organized
under this part is hereby exempted from the laws of the State of Alabama governing usury and
prescribing or limiting interest rates, including, without limitation, Chapter 8 of Title
8. (Act 89-265, p. 389, §13.)...
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