The interstate commission on the Lake Champlain basin shall submit
annually to the Director of the Budget, in accordance with the rules and
practice of the state, for study and consideration by such Director, an
estimate of moneys required to administer, manage and support, the
commission during the ensuing fiscal year. Such estimate shall include
any request for appropriation of funds by New York and shall be
accompanied by a tabulation of similar requests which the commission
expects to make to each other member and the formula or factors upon
which such respective requests are based.