(45 ILCS 50/1.7)
(from Ch. 96 1/2, par. 4708)
(a) The Commission shall submit to the Governor or designated officer
or officers of each party State a budget of its estimated expenditures for such
period as may be required by the laws of that party State for presentation to
the legislature thereof.
(b) Each of the Commission's budgets of estimated expenditures shall
contain specific recommendations of the amount or amounts to be appropriated
by each of the party States. The total amount of appropriations requested
under any such budget shall be apportioned among the party States as follows:
one-half in equal shares, and the remainder in proportion to the value
of minerals, ores, and other solid matter mined. In determining such values,
the Commission shall employ such available public source or sources of information
as, in its judgment, present 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 value of minerals, ores, and
other solid matter mined.
(c) The Commission shall not pledge the credit of any party State. The
Commission may meet any of its obligations in whole or in part with funds
available to it under Article V (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 V(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 bylaws. 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 report 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 persons 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.
(Source: P.A. 79-231.)