(a) 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. The total assessment must be sufficient to cover the annual budget approved each year for which revenue is not provided by other sources. The aggregate annual assessment amount shall be allocated upon a formula to be determined by the interstate commission, which shall promulgate a rule binding upon all member states.
(b) The interstate commission shall not incur obligations of any kind prior to securing the funds adequate to meet the same.
(c) The interstate commission shall not pledge the credit of any of the member states, except by, and with the authority of, the member state.
(d) The interstate commission shall be subject to a yearly financial audit conducted by a certified or licensed public accountant and the report of the audit shall be included in the annual report of the interstate commission.
Structure Code of Alabama
Title 34 - Professions and Businesses.
Chapter 24 - Physicians and Other Practitioners of Healing Arts.
Article 10A - Interstate Medical Licensure Compact.
Section 34-24-521 - Definitions.
Section 34-24-522 - Eligibility.
Section 34-24-523 - Designation of State of Principal License.
Section 34-24-524 - Application and Issuance of Expedited Licensure.
Section 34-24-525 - Fees for Expedited Licensure.
Section 34-24-526 - Renewal and Continued Participation.
Section 34-24-527 - Coordinated Information System.
Section 34-24-528 - Joint Investigations.
Section 34-24-529 - Disciplinary Actions.
Section 34-24-530 - Interstate Medical Licensure Compact Commission.
Section 34-24-531 - Powers and Duties of the Interstate Commission.
Section 34-24-532 - Finance Powers.
Section 34-24-533 - Organization and Operation of the Interstate Commission.
Section 34-24-534 - Rulemaking Functions of the Interstate Commission.
Section 34-24-535 - Oversight of Interstate Compact.
Section 34-24-536 - Enforcement of Interstate Compact.
Section 34-24-537 - Default Procedures.
Section 34-24-538 - Dispute Resolution.
Section 34-24-539 - Member States, Effective Date, and Amendment.
Section 34-24-540 - Withdrawal.
Section 34-24-541 - Dissolution.
Section 34-24-542 - Severability and Construction.
Section 34-24-543 - Binding Effect of Compact and Other Laws.