§ 21-24-114 — Financing of the interstate commission

Wyoming § 21-24-114

• Jurisdiction: Wyoming
• Title 21: Education
• Ch. 24: MILITARY STUDENTS AND STUDENTS OF MILITARY
• Art. 1: INTERSTATE COMPACT ON STUDENTS OF MILITARY FAMILIES

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(a) The interstate commission shall pay or provide for the
payment of the reasonable expenses of its establishment,
organization and ongoing activities.
(b) In accordance with the funding limit established in
subsection (e) of this section, the interstate commission may
levy on and collect an annual assessment from each member state
to cover the cost of the 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, which shall promulgate a rule
binding upon all member states.
(c) The interstate commission shall not incur obligations
of any kind prior to securing the funds adequate to meet the
same; nor shall the interstate commission pledge the credit of
any of the member states, except by and with the authority of
the member 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. However, 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.
(e) The interstate commission may not assess, levy or
collect more than five thousand dollars ($5,000.00) per year
from Wyoming legislation appropriations. Other funding sources
may be accepted and used to offset expenses related to the
state's participation in the compact.