1064                             Laws of Maryland                       Ch. 467

shall be included in such budget as an expense of the district, the
Maryland share of the expenses of the Joint Commission to Consider
Matters Relating to Passenger Carrier Facilities in the Washington
Metropolitan Area, which joint commission has been empowered by
joint resolution of the General Assembly of Maryland to negotiate
an interstate compact between Maryland, Virginia and the District
of Columbia dealing with transportation. The obligation of Mont-
gomery and Prince George's Counties, after budget approval, to
appropriate for the administrative budget of the commission shall
be allocated between such counties upon the basis of population as
reflected by the latest population statistics of the Bureau of the
Census. Upon the request of either county, the commission shall
make the allocation upon estimates of population prepared in a man-
ner approved by the commission. Such budget shall be limited solely
to the administrative expenses of the commission and shall not in-
clude any funds for construction or acquisition of transit facilities
or performing of transit service. Notwithstanding any other provi-
sion of this Article, the respective governing bodies shall have the
right to review and to approve in whole or in part the adminis-
trative budget of the commission, and the agreement of the govern-
ing bodies of both counties shall be necessary before the commission's
administrative budget may be reduced.

72-16(a) (83A-16(a) ).

(a) The commission is authorized and empowered from time to
time during any fiscal year to borrow such sums of money on promis-
sory notes, to be known as revenue anticipation certificates of in-
debtedness, to bear interest not exceeding six (6%) per centum per
annum, and to be signed by the chairman and the secretary or
treasurer of the commission, as may be necessary to meet the liabil-
ity of the district under the contracts or agreements provided for
in subsection (a) of Section 72-12 of this Code and to provide funds
for the administrative and other expenses and obligations of the
district. The commission is authorized from time to time to reissue
or renew its revenue anticipation certificates of indebtedness at the
same or a greater rate of interest not exceeding six (6%) per centum
per annum. All monies so borrowed within any fiscal year shall be
repaid during the next succeeding fiscal year from the proceeds of
its tax and other revenues received by the commission during such
next succeeding fiscal year. Such notes shall be guaranteed as to
payment of principal and interest by the County Council of Mont-
gomery County and by the Board of County Commissioners of Prince
George's County, which guarantee shall be endorsed on each of such
notes. The guarantee shall be made by resolution of the County
Council of Montgomery County and the Board of County Commis-
sioners of Prince George's County and shall be evidenced by the
endorsement of the guarantee on each of such notes, such endorse-
ment to be signed on behalf of each county by the commissioners or
by any officer designated for such purposes by the County [Council]
Executive or the Board of County Commissioners. In the event of
any liability under the above guarantee, such liability for each
county shall be in the proportion agreed to in the allocations ap-
proved under subsection (a) of Section 72-12 of this Code; except,
any notes issued to provide funds for administrative expenses of the
commission shall be borne by each of the counties upon the basis of
population, as set forth in Section 72-15 of this Code.