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1145
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MARVIN MANDEL, Governor
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REMAINDER 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 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 VEHICULAR
REGISTRATIONS.
(C) THE COMMISSION SHALL NOT PLEDGE THE CREDIT OF
ANY PARTY STATE. THE COMMISSION KAY 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 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
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 INCLUDED IN AND BECOME PART OF THE ANNUAL
REPORTS 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 PERSON 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 VII
CONFLICT OF INTEREST
(A) THE COMMISSION SHALL ADOPT RULES AND
REGULATIONS WITH RESPECT TO CONFLICT OF INTEREST FOR THE
COMMISSIONERS OF THE PARTY STATES, AND THEIR ALTERNATES,
IF ANY, AND FOR THE STAFF OF THE COMMISSION AND
CONTRACTORS WITH THE COMMISSION TO THE END THAT NO MEMBER
OR EMPLOYEE OR CONTRACTOR SHALL HAVE A PECUNIARY OR OTHER
INCOMPATIBLE INTEREST IN THE MANUFACTURE, SALE OR
DISTRIBUTION OF MOTOR VEHICLES OR VEHICULAR EQUIPMENT OR
IN ANY FACILITY OR ENTERPRISE EMPLOYED BY THE COMMISSION
OR ON ITS BEHALF FOR TESTING, CONDUCT OF INVESTIGATIONS
OR RESEARCH. IN ADDITION TO ANY PENALTY FOR VIOLATION
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