Ch. 297                          MARVIN MANDEL, Governor                               687

REQUESTED UNDER ANY SUCH BUDGET SHALL BE APPORTIONED
AMONG THE PARTY STATES AS FOLLOWS: ONE-HALF IN EQUAL
SHARES, AND THE REMAINDER IN PROPORTION TO THE VALUE OF
MINERALS, ORES, AND OTHER SOLID MATTER MINED. IN
DETERMINING SUCH VALUES, THE COMMISSION SHALL EMPLOY
SUCH AVAILABLE PUBLIC SOURCE OR SOURCES OF INFORMATION
AS, IN ITS JUDGMENT, PRESENT THE MOST EQUITABLE AND
ACCURATE COMPARISONS AMONG THE PARTY STATES. EACH OF
THE COMMISSION'S BUDGETS OF ESTIMATED EXPENDITURES AND
REQUESTS FOR APPROPRIATIONS SHALL INDICATE THE SOURCE
OR SOURCES USED IN OBTAINING INFORMATION CONCERNING
VALUE OF MINERALS, ORES, AND OTHER SOLID MATTER MINED.

(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 V(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 V(H) HEREOF, THE COMMISSION 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 COMMISSION SHALL BE SUBJECT TO THE
AUDIT AND ACCOUNTING PROCEDURES ESTABLISHED UNDER ITS
BYLAWS. 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 INCLUDED IN AND BECOME PART OF THE
ANNUAL REPORT OF THE COMMISSION.

(E)   THE ACCOUNTS OF THE COMMISSION SHALL BE OPEN AT
ANY REASONABLE TIME FOR INSPECTION BY DULY CONSTITUTED
OFFICERS OF THE PARTY STATES AND BY ANY PERSONS
AUTHORIZED BY THE COMMISSION.

(F)   NOTHING CONTAINED HEREIN SHALL BE CONSTRUED TO
PREVENT COMMISSION COMPLIANCE WITH LAWS RELATING TO
AUDIT OR INSPECTION OF ACCOUNTS BY OR ON BEHALF OF ANY
GOVERNMENT CONTRIBUTING TO THE SUPPORT OF THE
COMMISSION.

ARTICLE VIII

ENTRY INTO FORCE AND WITHDRAWAL

(A) THIS COMPACT SHALL ENTER INTO FORCE WHEN ENACTED
INTO LAW BY ANY FOUR OR MORE STATES. THEREAFTER, THIS
COMPACT SHALL BECOME EFFECTIVE AS TO ANY OTHER STATE
UPON ITS ENACTMENT THEREOF.