1532                               Laws of Maryland                         Ch. 534

(f)    Except as otherwise specifically provided in or pursuant to
subsections (e) and (g) of this Article, the appropriate motor vehicle
agency of a party state shall in accordance with its constitution or
procedural laws adopt the rule, regulation or code within six months
of the sending of the notice, and, upon such adoption, the rule,
regulation or code shall have the force and effect of law therein.

(g)    The appropriate motor vehicle agency of a party state may
decline to adopt a rule, regulation or code issued by the Commission
pursuant to this Article if such agency specifically finds, after public
hearing on due notice, that a variation from the Commission's rule,
regulation or code is necessary to the public safety, and incorporates
in such finding the reasons upon which it is based. Any such finding
shall be subject to review by such procedure for review of admin-
istrative determinations as may be applicable pursuant to the laws
of the party state. Upon request, the Commission shall be furnished
with a copy of the transcript of any hearings held pursuant to this
subdivision.

§ 12-507. Article VI. Finance.

(a)    The Commission shall submit to the executive head or desig-
nated officer or officers of each party state a budget of its estimated
expenditures for such period, as may be required by the laws of that
party state for presentation to the legislature thereof.

(b)    Each of the Commission's budgets of estimated expenditures
shall contain specific recommendations of the amount or amounts to
be appropriated by each of the party states. The total amount of
appropriations under any such budget shall be apportioned among
the party states as follows: one-third in equal shares; and the re-
mainder in proportion to the number of motor vehicles registered in
each party state. In determining the number of such registrations,
the Commission may employ such source or sources of information
as, in its judgment presents the most equitable and accurate com-
parisons among the party states. Each of the Commission's budgets
of estimated expenditures and requests for appropriations shall in-
dicate the source or sources used in obtaining information concern-
ing vehicular registrations.

(c)    The Commission shall not pledge the credit of any party
state. The Commission may meet any of its obligations in whole
or in part with funds available to it under Article III(h) of this
compact, provided that the Commission takes specific action setting
aside such funds prior to incurring any obligation to be met in whole
or in part in such manner. Except where the Commission makes
use of funds available to it under Article III(h) hereof, the Com-
mission shall not incur any obligation prior to the allotment of funds
by the party states adequate to meet the same.

(d)    The Commission shall keep accurate accounts of all receipts
and disbursements. The receipts and disbursements of the Commis-
sion shall be subject to the audit and accounting procedures estab-
lished under its rules. However, all receipts and disbursements of
funds handled by the Commission shall be audited yearly by a
qualified public accountant and the report of the audit shall be in-
cluded in and become part of the annual reports of the Commission.

(e)    The accounts of the Commission shall be open at any reason-
able time for inspection by duly constituted officers of the party
states and by any person authorized by the Commission.