(1) The State Highway Commission, upon receipt of written notice from the Federal Highway Administration to the effect that political subdivisions have violated the agreement set out in § 27-72-201, shall immediately proceed to investigate the report and shall make a final determination of the amount of money necessary to maintain the projects properly.
(2) After this determination, the commission shall, by resolution, inform the Treasurer of State of the facts.
(3) The Treasurer of State shall immediately withhold payment as set out in § 27-72-201 and transmit his warrants as funds accrue from time to time to the commission until the amount determined by the commission is fully satisfied.
(4) In the event the amount of the County Aid Fund payable or to be payable to the respective political subdivisions is over and above the amount determined by the commission, then after being informed by the commission, the Treasurer of State shall release and transmit his warrant for the remainder to the proper authorities of the respective counties who have violated the agreement.