HARRY HUGHES, Governor                                     2143

[The current expense budget for the first fiscal year of
operation shall be $150,000, to be equally apportioned between
the respective signatory states.] THE CURRENT ANNUAL EXPENSE
BUDGET FOR THE 1985-1986 EACH FISCAL YEAR SHALL BE $225,000, TO
BE EQUALLY APPORTIONED BETWEEN THE RESPECTIVE SIGNATORY STATES.

Article IV

Amendments to Agreement

[13.] SECTION 401. [No modification without legislative
approval.--] MODIFICATION.--

This agreement shall not be amended or modified except with
the concurrence of the legislatures of the State of Maryland,
[and] the Commonwealth of Virginia, AND THE COMMONWEALTH OF
PENNSYLVANIA. [No amendment shall] AMENDMENTS SHALL NOT become
effective until adopted in the same manner as the original
agreement.

Article V

Duration of Agreement

[14.] SECTION 501. Term.--

The duration of this agreement AMONG THE STATE OF MARYLAND,
THE COMMONWEALTH OF VIRGINIA, AND THE COMMONWEALTH OF
PENNSYLVANIA shall be for an initial period of 10 years from its
effective date, and it shall be continued for additional periods
of 10 years unless one or more of the signatory states, by
authority of an act of its legislature, notifies the Commission
of intention to terminate the agreement at the end of the current
10-year term; provided, however, that any signatory, by act of
its legislature, can withdraw from the agreement at the end of
any calendar year or fiscal year.

[15.] SECTION 502. Dissolution.--

In the event that this agreement shall be terminated by
operation of Section [14 hereof] 501, the Commission shall be
dissolved, its assets and liabilities transferred, and its
corporate affairs wound up in accordance with the unanimous
agreement of its signatories, or failing unanimous agreement, in
such manner that the assets and liabilities of the Commission
shall be shared by the respective states.

SECTION 2. AND BE IT FURTHER ENACTED, That the General
Assembly of Maryland authorizes and directs the Governor of the
State of Maryland:

(1) To execute and deliver on behalf of the State of
Maryland all agreements and modifications of agreements that
relate to the Chesapeake Bay Commission; and