§39A‑78  Special purpose revenue bondanticipation notes.  Whenever the department has authorized the issuance ofspecial purpose revenue bonds under this part, special purpose revenue bondanticipation notes of the department may be issued in anticipation of theissuance of such bonds and of the receipt of the proceeds of sale thereof, forthe purposes for which such bonds have been authorized.  All special purposerevenue bond anticipation notes shall be authorized by the department, and themaximum principal amount of such notes shall not exceed the authorizedprincipal amount of such bonds.  The notes shall be payable solely from andsecured solely by the proceeds of sale of the special purpose revenue bonds inanticipation of which the notes are issued and the revenues from which would bepayable and by which would be secured such bonds; provided that to the extentthat 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 1981, c 120, pt of §2]