New Jersey § 32:26-6

§ 32:26-6.

ARTICLE VI (a) The commission shall submit to the executive head 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 under any such budget shall be apportioned among

the party States as follows: 1 / 3 in equal shares; and the 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 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 vehicular

registrations. (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 III(h) of this compact, 1 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 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. 1

N.J.S.A. § 32:26-3.