Vermont § 5728 - Finance

§ 5728. Finance

• (a) The Interstate Commission shall pay or provide for the payment of the reasonable expenses
  of its establishment, organization, and ongoing activities. (b) The Interstate Commission shall levy on 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 in a total amount sufficient to
  cover the Interstate Commission’s annual budget as approved each year. The aggregate
  annual assessment amount shall be allocated based upon a formula to be determined
  by the Interstate Commission, taking into consideration the population of each compacting
  state and the volume of interstate movement of juveniles in each compacting state,
  and the Interstate Commission shall promulgate a rule binding upon all compacting
  states which governs said assessment. (c) The Interstate Commission shall not incur any obligations of any kind prior to securing
  the funds adequate to meet them. The Interstate Commission shall not pledge the credit
  of any of the compacting states, except by and with the authority of the compacting
  state. (d) The Interstate Commission shall keep accurate accounts of all receipts and disbursements.
  The receipts and disbursements of the Interstate Commission shall be subject to the
  audit and accounting procedures established under its bylaws, provided that all receipts
  and disbursements of funds handled by the Interstate Commission shall be audited yearly
  by a certified or licensed public accountant, and the report of the audit shall be
  included in and become part of the annual report of the Interstate Commission. (Added 2009, No. 108 (Adj. Sess.), § 12, eff. July 1, 2010.)