§39A‑38  Special purpose revenue bondanticipation notes.  Whenever the department shall have authorized theissuance of special purpose revenue bonds under this part, special purposerevenue bond anticipation notes of the department may be issued in anticipationof the issuance of such bonds and of the receipt of the proceeds of salethereof, for the purposes for which such bonds have been authorized.  Allspecial purpose revenue bond anticipation notes shall be authorized by thedepartment, and the maximum principal amount of such notes shall not exceed theauthorized principal amount of such bonds.  The notes shall be payable solelyfrom and secured solely by the proceeds of sale of the special purpose revenuebonds in anticipation of which the notes are issued and the revenues from whichwould be payable and by which would be secured such bonds; provided that to theextent that the principal of the notes shall be paid from moneys other than theproceeds of sale of such bonds, the maximum amount of bonds in anticipation ofwhich the notes are issued that has been authorized shall be reduced by theamount of notes paid in such manner.  The authorization, issuance, and thedetails of such notes shall be governed by the provisions of this part withrespect to special purpose revenue bonds insofar as the same may be applicable;provided that each note, together with all renewals and extensions thereof, orrefundings thereof by other notes issued under this section, shall maturewithin five years from the date of the original note. [L 1980, c 255, pt of §2]