MARVIN MANDEL, Governor                                      1123

OR LOANS, SUCH FUNDS AS MAY BE NECESSARY OR CONVENIENT
TO FINANCE THE OPERATION AND MANAGEMENT OF OR
CONSTRUCTION BY THE COMMISSION OF ANY FACILITY OR
PROJECT;

3. MAKE PAYMENTS TO THE COMMISSION FOR BENEFITS
RECEIVED OR TO BE RECEIVED FROM THE OPERATION OF ANY
OF THE PROJECTS OR FACILITIES OF THE COMMISSION.

(B) ANY FUNDS WHICH MAY BE LOANED TO THE
COMMISSION EITHER BY A SIGNATORY PARTY OR A POLITICAL
SUBDIVISION THEREOF SHALL BE REPAID BY THE COMMISSION
THROUGH THE ISSUANCE OF BONDS OR OUT OF OTHER INCOME
OF THE COMMISSION, SUCH REPAYMENT TO BE MADE WITHIN
SUCH PERIOD AND UPON SUCH TERMS AS MAY BE AGREED UPON
BETWEEN THE COMMISSION AND THE SIGNATORY PARTY OR
POLITICAL SUBDIVISION MAKING THE LOAN.

15.14. CONDEMNATION PROCEEDINGS. —

(A)    THE COMMISSION SHALL HAVE THE POWER TO
ACQUIRE BY CONDEMNATION THE FEE OR ANY LESSER INTEREST
IN LANDS, LANDS LYING UNDER WATER, DEVELOPMENT RIGHTS
IN LAND, RIPARIAN RIGHTS, WATER RIGHTS, WATERS AND
OTHER REAL OR PERSONAL PROPERTY WITHIN THE BASIN FOR
ANY PROJECT OR FACILITY AUTHORIZED PURSUANT TO THIS
COMPACT. THIS GRANT OF POWER OF EMINENT DOMAIN
INCLUDES BUT IS NOT LIMITED TO THE POWER TO CONDEMN
FOR THE PURPOSES OF THIS COMPACT ANY PROPERTY ALREADY
DEVOTED TO A PUBLIC USE, BY WHOMSOEVER OWNED OR HELD,
OTHER THAN PROPERTY OF A SIGNATORY PARTY. ANY
CONDEMNATION OF ANY PROPERTY OR FRANCHISES OWNED OR
USED BY A MUNICIPAL OR PRIVATELY OWNED PUBLIC UTILITY,
UNLESS THE AFFECTED PUBLIC UTILITY FACILITY IS TO BE
RELOCATED OR REPLACED, SHALL BE SUBJECT TO THE
AUTHORITY OF SUCH STATE BOARD, COMMISSION, OR OTHER
BODY AS MAY HAVE REGULATORY JURISDICTION OVER SUCH
PUBLIC UTILITY.

(B)   THE POWER OF CONDEMNATION REFERRED TO IN
SUBSECTION (A) SHALL BE EXERCISED IN ACCORDANCE WITH
THE PROVISIONS OF THE STATE CONDEMNATION LAW IN FORCE
IN THE SIGNATORY STATE IN WHICH THE PROPERTY IS
LOCATED. IF THERE IS NO APPLICABLE STATE
CONDEMNATION LAW, THE POWER OF CONDEMNATION SHALL BE
EXERCISED IN ACCORDANCE WITH THE PROVISIONS OF FEDERAL
CONDEMNATION LAW.

(C)   ANY AWARD OR COMPENSATION FOR THE TAKING OF
PROPERTY PURSUANT TO THIS ARTICLE SHALL BE PAID BY THE
COMMISSION, AND NONE OF THE SIGNATORY PARTIES NOR ANY