[§39A‑228]  Special purpose
revenue bond anticipation notes.  Whenever the department shall have
authorized the issuance of special purpose revenue bonds under this part,
special purpose revenue bond anticipation notes of the department may be issued
in anticipation of the issuance of such bonds and of the receipt of the
proceeds of sale thereof, for the purposes for which such bonds have been
authorized.  All special purpose revenue bond anticipation notes shall be
authorized by the department, and the maximum principal amount of such notes
shall not exceed the authorized principal amount of such bonds.  The notes
shall be payable solely from and secured solely by the proceeds of sale of the
special purpose revenue bonds in anticipation of which the notes are issued and
the revenues from which would be payable and by which would be secured such
bonds; provided that to the extent that the principal of the notes shall be
paid from moneys other than the proceeds of sale of such bonds, the maximum
amount of bonds in anticipation of which the notes are issued that has been
authorized shall be reduced by the amount of notes paid in such manner.  The
authorization, issuance, and the details of such notes shall be governed by the
provisions of this part with respect to special purpose revenue bonds insofar
as the same may be applicable; provided that each note, together with all
renewals and extensions thereof, or refundings thereof by other notes issued
under this section, shall mature within five years from the date of the
original note. [L 1994, c 280, pt of §6]