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Show 206 INTERSTATE COMPACTS cation. The State of New Hampshire shall have full responsibility for distributing or expending all such sums received and no agency or political subdivision shall have any claim against the Common- wealth of Massachusetts nor against the commission relative to tax losses covered by such payments. Whenever the Commonwealth of Massachusetts and the State of New Hampshire shall agree, through the commission, on a lump sum payment in lieu of annual payments and such lump sum payment has been made and received, the requirement that the commission annually shall determine the tax losses, compute sums due from the Commonwealth of Massachusetts and send notice thereof to the treasurer of the Commonwealth of Massachusetts, shall no longer apply to the aforesaid states with respect to any flood control dam and reservoir for which lump sum payment has been made and received. The Commonwealth of Massachusetts agrees to pay the State of New Hampshire its respective share in reimbursement, as determined by the commission under the procedure following, for economic losses and damages occurring by reason of ownership of property by the United States for construction and operation of a flood control dam and reservoir at any site specified in Article IV, and for any other flood control dam and reservoir constructed hereafter by the United States in the Merrimack river valley; provided, however, that no reim- bursement shall be made for speculative losses and damages or losses or damages for which the United States is liable. On receipt of information from the chief of engineers that request is to be made for funds for the purpose of preparing detailed plans and specifications for any flood control dam and reservoir proposed to be constructed in the Merrimack river valley, including those speci- fied in Article IV, the commission shall make an estimate of the amount of taxes which would be lost to and of economic losses and damages which would occur in political subdivisions of the State of New Hampshire wherein such dam and reservoir would be located, wholly or in part, by reason of acquisition and ownership by the United States of lands, rights or other property for the construction and operation of such flood control dam and reservoir and shall decide whether the flood control benefits to be derived in the signatory states from such flood control dam and reservoir, both by itself and as a unit of a comprehensive flood control plan, justifies, in the opinion of the commission, the assumption by a signatory state of the obliga- tion to make reimbursement for loss of taxes and for economic losses and damages. Such estimate and decision shall thereafter be reviewed by the commission at five-year intervals until such time as the United States shall have acquired title to the site of such flood control dam, or plans for its construction are abandoned. The commission shall notify the governor, the members of the United States Senate and the members of the United States House of Representatives from each sig- natory state, and the chief of engineers as to the commission's decision and as to any change in such decision. On receipt of information from the chief of engineers that any flood control dam and reservoir is to be constructed, reconstructed, altered or used for any purpose in addition to flood control, including those flood control dams and reservoirs heretofore constructed and |