1152

LAWS OF MARYLAND

Ch. 435

PROVIDED IN THIS SECTION.

(B)    AT OR IN CONNECTION WITH ANY MEETING OF THE
GOVERNING BOARD OR EXECUTIVE COMMITTEE HELD PURSUANT TO
SECTION 7-106 OF THIS COMPACT A NONPARTY STATE SHALL BE
ENTITLED TO APPEAR, PARTICIPATE, AND RECEIVE INFORMATION
ONLY TO SUCH EXTENT AS THE GOVERNING BOARD OF EXECUTIVE
COMMITTEE MAY PROVIDE. A NONPARTY STATE SHALL NOT BE
ENTITLED TO REVIEW OF ANY DETERMINATION MADE BY THE
EXECUTIVE COMMITTEE.

(C)    THE GOVERNING BOARD OR EXECUTIVE COMMITTEE
SHALL AUTHORIZE EXPENDITURES FROM THE INSURANCE FUND TO
BE MADE IN A NONPARTY STATE ONLY AFTER DETERMINING THAT
THE CONDITIONS IN SUCH STATE AND THE VALUE OF SUCH
EXPENDITURES TO THE PARTY STATES AS A WHOLE JUSTIFY THEM.
THE GOVERNING BOARD OR EXECUTIVE COMMITTEE MAY SET ANY
CONDITIONS WHICH IT DEEMS APPROPRIATE WITH RESPECT TO THE
EXPENDITURE OF MONEYS FROM THE INSURANCE FUND IN A
NONPARTY STATE AND MAY ENTER INTO SUCH AGREEMENT OR
AGREEMENTS WITH NONPARTY STATES AND OTHER JURISDICTIONS
OR ENTITIES AS IT MAY DEEM NECESSARY OR APPROPRIATE TO
PROTECT THE INTERESTS OF THE INSURANCE FUND WITH RESPECT
TO EXPENDITURES AND ACTIVITIES OUTSIDE OF PARTY STATES.

5-709. FINANCE.

(A)    THE INSURANCE FUND SHALL SUBMIT TO THE
EXECUTIVE HEAD OR DESIGNATED OFFICER OR OFFICERS OF EACH
PARTY STATE A BUDGET FOR THE INSURANCE FUND FOR SUCH
PERIOD AS MAY BE REQUIRED BY THE LAWS OF THAT PARTY STATE
FOR PRESENTATION TO THE LEGISLATURE THEREOF.

(B)    EACH OF THE BUDGETS SHALL CONTAIN SPECIFIC
RECOMMENDATIONS OF THE AMOUNT OR AMOUNTS TO BE
APPROPRIATED BY EACH OF THE PARTY STATES. THE REQUESTS
FOR APPROPRIATIONS SHALL BE APPORTIONED AMONG THE PARTY
STATES AS FOLLOWS: ONE-TENTH OF THE TOTAL BUDGET IN EQUAL
SHARES AND THE REMAINDER IN PROPORTION TO THE VALUE OF
AGRICULTURAL AND FOREST CROPS AND PRODUCTS, EXCLUDING
ANIMALS AND ANIMAL PRODUCTS, PRODUCED IN EACH PARTY
STATE. IN DETERMINING THE VALUE OF SUCH CROPS AND
PRODUCTS THE INSURANCE FUND MAY EMPLOY SUCH SOURCE OR
SOURCES OF INFORMATION AS IN ITS JUDGMENT PRESENT THE
MOST EQUITABLE AND ACCURATE COMPARISONS AMONG THE PARTY
STATES. EACH OF THE BUDGETS AND REQUESTS FOR
APPROPRIATIONS SHALL INDICATE THE SOURCE OR SOURCES USED
IN OBTAINING INFORMATION CONCERNING VALUE OF PRODUCTS.
NOTHING IN THIS COMPACT SHALL BE CONSTRUED AS REQUIRING
THE GOVERNOR TO INCLUDE AN APPROPRIATION, OR ANY
PARTICULAR AMOUNT OF APPROPRIATION, IN THE BUDGET HE
SUBMITS TO THE GENERAL ASSEMBLY, NOR AS REQUIRING THE
GENERAL ASSEMBLY TO AUTHORIZE SUCH AN APPROPRIATION OR
AMOUNT.

(C)    THE FINANCIAL ASSETS OF THE INSURANCE FUND
SHALL BE MAINTAINED IN TWO ACCOUNTS TO BE DESIGNATED
RESPECTIVELY AS THE "OPERATING ACCOUNT" AND "CLAIMS