MARVIN MANDEL, Governor                                      1071

(B)    THE COMMISSION MAY, BY REGULATION, SPECIFY
PARTICULAR INTEREST OR CLASSES OF INTEREST WHICH SHALL
NOT BE DEEMED DIRECT OR INDIRECT MATERIAL FINANCIAL
INTERESTS WITHIN THE MEANING OF THIS SECTION.

(C)    WHENEVER A VIOLATION OR APPARENT VIOLATION
OF THIS SECTION BECOMES KNOWN TO ANY COMMISSIONER,
OFFICER OR EMPLOYEE, HE SHALL FORTHWITH BRING THE
MATTER TO THE ATTENTION OF THE COMMISSION. ANY
CONTRACT OR AGREEMENT WHICH THE COMMISSION FINDS WAS
MADE IN VIOLATION OF THIS SECTION SHALL BE EITHER
RATIFIED OR DECLARED VOID. IN SUCH LATTER EVENT THE
CONSIDERATION TO BE PAID OR TRANSFERRED BY THE
COMMISSION UNDER SUCH AGREEMENT SHALL NOT BE PAID OR
TRANSFERRED BY THE COMMISSION, OR, IF PAID OR
TRANSFERRED, MAY BE RECOVERED, WITH INTEREST, BY THE
COMMISSION.

15.06.    ANNUAL INDEPENDENT AUDIT. —(A) AS SOON
AS PRACTICABLE AFTER THE CLOSE OF THE FISCAL YEAR, AN
AUDIT SHALL BE MADE OF THE FINANCIAL ACCOUNTS OF THE
COMMISSION. THE AUDIT SHALL BE MADE BY ONE OR MORE
CERTIFIED PUBLIC ACCOUNTANTS SELECTED BY THE
COMMISSION, WHO HAVE NO PERSONAL INTEREST, DIRECT OR
INDIRECT, IN THE FINANCIAL AFFAIRS OF THE COMMISSION
OR OF ANY OF ITS OFFICERS OR EMPLOYEES. THE REPORT
OF AUDIT SHALL BE PREPARED IN ACCORDANCE WITH ACCEPTED
ACCOUNTING PRACTICES AND SHALL BE FILED WITH THE
CHAIRMAN AND SUCH OTHER OFFICERS AS THE COMMISSION
SHALL DIRECT. COPIES OF THE REPORT SHALL BE
DISTRIBUTED TO EACH COMMISSIONER AND SHALL BE MADE
AVAILABLE FOP PUBLIC DISTRIBUTION.

(B) WITHOUT REGARD TO THE CLOSE OF THE FISCAL
YEAR, EACH SIGNATORY SHALL BE ENTITLED TO EXAMINE AND
AUDIT ALL OF THE BOOKS, DOCUMENTS, RECORDS, FILES,
ACCOUNTS AND PROPERTY OF THE COMMISSION, AND SHALL BE
AFFORDED FULL FACILITIES FOR VERIFYING TRANSACTIONS
WITH THE BALANCES OR SECURITIES HELD BY DEPOSITARIES,
FISCAL AGENTS, AND CUSTODIANS.

15.07.    REPORTS. —THE COMMISSION SHALL MAKE AN
ANNUAL REPORT TO THE SIGNATORIES ON ITS PROGRAMS,
OPERATIONS, AND FINANCES. COPIES SHALL BE FURNISHED
TO WATER RESOURCES AGENCIES OF THE SIGNATORIES AND
SHALL BE HADE AVAILABLE TO THE PUBLIC, UPON REQUEST,
AT THE COMMISSION'S OFFICES.

15.08.       NOTICE. —(A) UNLESS OTHERWISE
SPECIFIED IN THIS COMPACT, WHENEVER NOTICE IS REQUIRED
BY ANY SECTION IN THIS COMPACT, SUCH NOTICE SHALL BE