J. MILLARD TAWES, Governor                       1397

Article VII
Financing
317-16. Policy—

With due regard for the policy of Congress for financing a mass
transit plan for the Zone set forth in Section 204 (g) of the
National Capital Transportation Act of 1960 (7 k Stat. 537), it is
hereby declared to be the policy of this Title that, as far as possible,
the payment of all costs shall be borne by the persons using or
benefiting from the Authority's facilities and services and any
remaining costs shall be equitably shared among the Federal, Dis-
trict of Columbia and participating local governments in the Zone.
The allocation among such governments of such remaining costs
shall be determined by agreement among them and shall be provided
in the manner hereinafter specified.

317-17. Plan of Financing—

(a)    The Authority, in conformance with said policy, shall pre-
pare and adopt a plan for financing the construction, acquisition and
operation of facilities specified in a mass transit plan adopted
pursuant to Article VI hereof, or in any alteration, revision or
amendment thereof. Such plan of financing shall specify the facili-
ties to be constructed or acquired, the cost thereof, the principal
amount of revenue bonds, equipment trust certificates and other
evidences of debt proposed to be issued, the principal terms and
provisions of all loans and underlying agreements and indentures,
estimated operating expenses and revenues and the proposed al-
location among the Federal, District of Columbia and participating
local governments of the remaining costs and deficits, if any, and
such other information as the Commission may consider appropriate.

(b)    Such plan of financing shall constitute a proposal to the
interested governments for financial participation and shall not
impose any obligation on any government and such obligations
shall be created only as provided in Section 317-18 of this Article
VII.

317-18. Commitments for Financial Participation—

(a) Commitments on behalf of the portion of the Zone located
in Virginia shall be by contract or agreement by the Authority
with the Northern Virginia Transportation District, or its com-
ponent governments, as authorized in the Transportation District
Act of 1964 (Ch. 631, 1964 Acts of Virginia Assembly), to contri-
bute to the capital required for the construction and/or acquisition
of facilities specified in a mass transit plan adopted as provided
in Article VI, or any alteration, revision or amendment thereof,
and for meeting expenses and obligations in the operation of such
facilities. No such contract or agreement, however, shall be entered
into by the Authority with the Northern Virginia Transportation
District unless said District has entered into the contracts or
agreements with its member governments, as contemplated by
Section 1 (b) (4) or OF Article k of said Act, which contracts
or agreements expressly provide that such contracts or agreements
shall inure to the benefit of the Authority and shall be enforceable
by the Authority in accordance with the provisions of Section 2,