SPIRO T. AGNEW, Governor                          817

during the ensuing six years or such other reasonably forseeable
period as the commission may determine. The water resources pro-
gram shall include a systematic presentation of:

1.   The quantity and quality of water resources needs for such
period;

2.   The existing and proposed projects and facilities required to
satisfy such needs, including all public and private projects to be
anticipated; and

3.   A separate statement of the projects proposed to be undertaken
by the commission during such period.

14.3—Annual Current Expense and Capital Budgets.

(a)   The commission shall annually adopt a capital budget includ-
ing all capital projects it proposes to undertake or continue during
the budget period containing a statement of the estimated cost of
each project and the method of financing thereof.

(b)   The commission shall annually adopt a current expense budget
for each fiscal year. Such budget shall include the commission's esti-
mated expenses for administration, operation, maintenance, and re-
pairs, including a separate statement thereof for each project, to-
gether with its cost allocation. The total of such expenses shall be
balanced by the commission's estimated revenues from all sources,
including the cost allocations undertaken by any of the signatory
parties in connection with any project. Following the adoption of
the annual current expense budget by the commission, the executive
director of the commission shall:

1.   Certify to the respective signatory parties the amounts due in
accordance with existing cost sharing established for each project;
and

2.   Transmit certified copies of such budget to the principal budget
officer of the respective signatory parties at such time and in such
manner as may be required under their respective budgetary proce-
dures. The amount required to balance the current expense budget
in addition to the aggregate amount of item 1 above and all other
revenues available to the commission shall be apportioned equitably
among the signatory parties by unanimous vote of the commission,
and the amount of such apportionment to each signatory party shall
be certified together with the budget.

(c)   The respective signatory parties covenant and agree to include
the amounts so apportioned for the support of the current expense
budget in their respective budgets next to be adopted, subject to such
review and approval as may be required by their respective budget-
ary processes. Such amounts shall be due and payable to the commis-
sion in quarterly installments during its fiscal year, provided that the
commission may draw upon its working capital to finance its current
expense budget pending remittance by the signatory parties.

74.

Article 15

General Provisions

15.1—Auxiliary Powers of Commission; Functions of Commis-
sioners.