§49-19  Bond anticipation notes.  Inanticipation of the issuance under this chapter of revenue bonds theretoforeauthorized by the governing body for an undertaking or a loan program and ofthe receipt of the proceeds of the bonds, the county, with the approval of thegoverning body, may issue and sell revenue bond anticipation notes for thepurposes for which the revenue bonds have been authorized, the maximumprincipal amount of which notes shall not exceed the authorized principalamount of the revenue bonds.  The notes shall be payable solely from andsecured by the proceeds of the sale of the revenue bonds in anticipation ofwhich they were issued and the revenue, or the user taxes, or a combination ofboth, from which would be payable and by which would be secured those revenuebonds; provided that to the extent the principal of the notes is paid frommoneys other than the proceeds of sale of the revenue bonds, the maximum amountof revenue bonds in anticipation of which the notes are issued that has beenauthorized shall be reduced by the amount of the notes paid in that manner. The issuance of the notes and the details thereof shall be governed by thischapter with respect to revenue bonds insofar as the same may apply, providedthat each note, together with all renewals and extensions thereof or refundingsthereof by other notes issued under this section, shall mature within fiveyears from the date of the original note. [L 1989, c 80, pt of §3]