Indiana § 5-25-3-9 Budget; contents; apportionment of appropriations; restrictions on
pledge of credit; accounts

Indiana Statutes

§ 5-25-3-9 — Budget; contents; apportionment of appropriations; restrictions on pledge of credit; accounts

Indiana § 5-25-3-9

Title 5STATE AND LOCAL ADMINISTRATION

Art. 25INTERSTATE JOBS PROTECTION COMPACT

Ch. 3The Commission

This text of Indiana § 5-25-3-9 (Budget; contents; apportionment of appropriations; restrictions on pledge of credit; accounts) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 5-25-3-9 (2026).

Text

(a)The commission must submit to the governor or designated officer of each party state a budget of its estimated expenditures for the period required by the laws of that party state for presentation to the legislature.

(b)Each of the commission's budgets of estimated expenditures must contain:

(1)specific recommendations of the amount or amounts to be appropriated by each of the party states; and

(2)the source of information for each of the estimated expenditures and the request for appropriations.

(c)The total amount of appropriations requested under any budget must be apportioned among the party states in equal shares.

(d)The commission may 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

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(a) The commission must submit to the governor
or designated officer of each party state a budget of its estimated
expenditures for the period required by the laws of that party state for
presentation to the legislature.
(b) Each of the commission's budgets of estimated expenditures
must contain:
(1) specific recommendations of the amount or amounts to be
appropriated by each of the party states; and
(2) the source of information for each of the estimated
expenditures and the request for appropriations.
(c) The total amount of appropriations requested under any budget
must be apportioned among the party states in equal shares.
(d) The commission may 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 section 5(h) of this chapter, if the
commission takes specific action setting aside the funds before
incurring any obligation to be met. Except where the commission
makes use of funds available to it under section 5(h) of this chapter, the
commission may not incur any obligation before the allotment of funds
by the party states.
(e) 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
approved by the commission, and the report of the audit shall be
included in and become part of the annual report of the commission.
(f) The accounts of the commission must be open at any reasonable
time for inspection by duly constituted officers of the party states and
by any persons authorized by the commission.
(g) Nothing contained in this article may be construed to prevent the
commission from complying with laws relating to audit or inspection
of accounts by any government contributing to the support of the
commission.