Page:United States Statutes at Large Volume 104 Part 1.djvu/214

 104 STAT. 180 PUBLIC LAW 101-288—MAY 10, 1990 Ob) Property in the state of Iowa shall be acquired under the laws of the state of Iowa. Property in the state of Illinois shall be acquired under the laws of the state of Illinois. ARTICLE 12—INDEBTEDNESS (a) The authority may incur indebtedness subject to debt limits imposed by substantially identical laws of the states of Illinois and Iowa. (b) Indebtedness of the authority shall not be secured by the full faith and credit or the tax revenues of the state of Iowa or Illinois, or a political subdivision of the state of Iowa or Illinois other than the authority or as otherwise authorized by substantially identical laws of the states of Iowa and Illinois. (c) Bonds shall be issued only under terms authorized by substantially identical laws of the states of Illinois and Iowa. ARTICLE 13—TAXES (a) The authority shall have no independent power to tax. (b) A political subdivision of the state of Iowa or Illinois shall not impose taxes to fund the authority or any of the authority's projects except as specifically authorized by substantially identical laws of the states of Illinois and Iowa. ARTICLE 14—REPORTS The authority shall report annually to the governors and legislatures of the states of Iowa and Illinois concerning its facilities, activities, and finances and may make recommendations for state legislation. ARTICLE 15—PENALTIES The states of Illinois and Iowa may provide by substantially identical laws for the enforcement of the ordinances of the authority and for penalties for the violation of those ordinances. ARTICLE 16—SUBSTANTIALLY IDENTICAL LAWS Substantially identical laws of the states of Iowa and Illinois which are in effect before the authority is created shall apply unless the laws are contrary to or inconsistent with the provisions of this compact. A question of whether the laws of the states of Iowa and Illinois are substantially identical may be determined and enforced by a federal district court. ARTICLE 17—DISSOLUTION The authority may be dissolved by independent action of a political subdivision of the state of Iowa or the state of Iowa as authorized by law of the state of Iowa or by independent action of a political subdivision of the state of Illinois or the state of Illinois as authorized by law of the state of Illinois. ARTICLE 18—SUBJECT TO LAWS AND CONSTITUTIONS; This compact, the enabling laws of the states of Iowa and Illinois, and the authority are subject to the laws and Constitution of the

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