OCR Text |
Show 110 INTERSTATE COMPACTS unless it shall have first been included by the commission in the comprehensive plan; (c) Each state and local agency otherwise authorized by law to plan, design, construct, operate or maintain any project or facility in or for the basin shall continue to have, exercise and discharge such authority, except as specifically provided by this section. 11.3 Keserved Taxing Powers of States. Each of the signatory parties reserves the right to levy, assess and collect fees, charges and taxes on or measured by the withdrawal or diversion of waters of the basin for use within the jurisdictions of the respective signatory parties. 11.4 Project Costs and Evaluation Standards. The commission shall establish uniform standards and procedures for the evaluation, determination of benefits, and cost allocations of projects affecting the basin, and for the determination of project priorities, pursuant to the requirements of the comprehensive plan and its water resources pro- gram. The commission shall develop equitable cost sharing and reimbursement formulas for the signatory parties including: (a) Uniform and consistent procedures for the allocation of project costs among purposes included in multiple-purpose programs; (b) Contracts and arrangements for sharing financial responsibility among and with signatory parties, public bodies, groups and private enterprise, and for the supervision of their performance; (c) Establishment and supervision of a system of accounts for reimbursable purposes and directing the payments and charges to be made from such accounts; (d) Determining the basis and apportioning amounts (i) of reim- bursable revenues to be paid signatory parties or their political sub- divisions, and (ii) of payments in lieu of taxes to any of them. 11.5 Cooperative Services. The commission shall furnish tech- nical services, advice and consultation to authorized agencies of the signatory parties with respect to the water resources of the basin, and each of the signatory parties pledges itself to provide technical and administrative services to the commission upon request, within the limits of available appropriations and to cooperate generally with the commission for the purposes of this compact, and the cost of such services may be reimbursable whenever the parties deem appropriate. ARTICLE 12 CAPITAL FINANCING Section 12.1 Borrowing Power. The commission may borrow money for any of the purposes of this compact, and may issue its negotiable bonds and other evidences of indebtedness in respect thereto. All such bonds and evidences of indebtedness shall be payable solely out of the properties and revenues of the commission without recourse to taxation. The bonds and other obligations of the commission, except as may be otherwise provided in the indenture under which they were issued, shall be direct and general obligations of the com- mission and the full faith and credit of the commission are hereby pledged for the prompt payment of the debt service thereon and for |