Section 1590-J. Notes of the authority

The authority shall have power from
  time to time to issue notes and from time to time to issue renewal notes
  (herein referred to as notes) maturing not later than  five  years  from
  their  respective  original dates in an amount not exceeding at any time
  one million dollars, over and above the amount of  bonds  authorized  by
  subdivision  one  of section fifteen hundred ninety-i of this title, for
  any purpose or purposes for which bonds  may  be  issued,  whenever  the
  authority  shall determine that payment thereof can be made in full from
  any moneys or revenues which the authority expects to receive  from  any
  source.  Such notes, may, among other things, be issued to provide funds
  to pay preliminary costs of surveys, plans or other matters relating  to
  any  proposed  project. The authority may pledge such moneys or revenues
  (subject to any other pledge thereof) for the payment of the  notes  and
  may  in  addition  secure the notes in the same manner and with the same
  effect as herein provided for bonds. The notes shall be  issued  in  the
  same  manner  as bonds. The authority shall have power to make contracts
  for the future sale from time  to  time  of  the  notes,  by  which  the
  purchasers shall be committed to purchase the notes from time to time on
  terms  and  conditions stated in such contracts, and the authority shall
  have power to pay such consideration as it shall deem  proper  for  such
  commitments.  In case of default on its notes or violation of any of the
  obligations of the authority to the noteholders, the  noteholders  shall
  have all the remedies provided herein for bondholders.