| | 1.__Expenses.__The interstate commission shall pay or provide | for the payment of the reasonable expenses of its establishment, | organization and ongoing activities. |
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| | 2.__Assessment.__The interstate commission shall levy and | collect an annual assessment from each compacting state to cover | the cost of the internal operations and activities of the | interstate commission and its staff, which must be sufficient to | cover the interstate commission's annual budget as approved each | year.__The aggregate annual assessment amount must be allocated | based upon a formula to be determined by the interstate | commission, taking into consideration the population of the state | and the volume of interstate movement of offenders in each | compacting state and shall promulgate a rule binding upon all | compacting states that governs the assessment. |
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| | 3.__Obligations.__The interstate commission may not incur any | obligations of any kind prior to securing the funds adequate to | meet the same obligations; nor may the interstate commission | pledge the credit of any of the compacting states, except by and | with the authority of the compacting state. |
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| | 4.__Accounts.__The interstate commission shall keep accurate | accounts of all receipts and disbursements.__The receipts and | disbursements of the interstate commission are subject to the | audit and accounting procedures established under its bylaws.__ | All receipts and disbursements of funds handled by the interstate | commission must be audited yearly by a certified or licensed | public accountant and the report of the audit must be included in | and become part of the annual report of the interstate | commission. |
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| §9881.__Compacting state; effective date; amendment-- |
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| | 1.__Eligibility.__Any state, as defined in section 9872 of | this compact, is eligible to become a compacting state. |
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| | 2.__Effective date.__The compact becomes effective and binding | upon enactment of the compact into law by no fewer than 35 of the | states.__The initial effective date is July 1, 2001, or upon | enactment into law by the 35th state, whichever is later.__After | the initial effective date, the compact becomes effective and | binding, as to any other compacting state, upon enactment of the | compact into law by that state.__The governors of nonmember | states or their designees will be invited to participate in | interstate commission activities on a nonvoting basis prior to | adoption of the compact by all states and territories of the | United States. |
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| | 3.__Notification.__The executive director of the interstate |
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