REGENTS OF THE UNIVERSITY OF CALIFORNIA, THE (2)

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D. GRANT PROGRAM REQUIREMENTS. (1) University acknowledges that the source of funding for said program is the federal CARES Act Fund, and that payments from the CARES Act Funds are only to be used to make necessary expenditures incurred due to the public health emergency with respect to COVID-19. (2) University acknowledges that CARES Act Fund provisions allow the use of CARES Act Funds for expenses associated with the COVID-19 public health emergency, and will not use these funds for any other uses. E. PERFORMANCE MONITORING. (1) University shall submit program performance information as often as requested by Sponsor, but no less than the submission of monthly reports and a final report to Sponsor as outlined in the Statement of Work. Each monthly report is due within thirty (30) days of completion of work for each month. (3) Sponsor will review the audit of University to ensure that grant funds are used for authorized purposes in compliance with laws, regulations, and the provisions of contracts or grant agreements under this Agreement, including attachments and exhibits. (4) If action to correct any substandard performance is not taken by University within a reasonable period after being notified by Sponsor, suspension or termination procedures may be initiated by Sponsor. (5) All performance shall be subject to review by the Sponsor or other regulatory agencies at all times. University shall provide adequate cooperation to any inspector or other representative of Sponsor to permit the same to determine University's conformity with the terms of this Contract. If any services performed by University are not in conformance with the terms of this Contract, Sponsor shall have the right to require University to perform the services in conformance with the terms of the Contract at no additional cost. (6) University shall establish adequate procedures for self -monitoring and quality control and assurance to ensure proper performance under this Contract; and shall permit a representative of Sponsor or other regulatory official to monitor, assess, or evaluate University's performance under this Agreement at any time, upon reasonable written notice to University. F. CLOSE-OUT. University agrees to comply with the closeout procedures detailed in 2 CFR §200.343, including the following: (1) University must submit, no later than ninety (90) calendar days after the end date of the period of performance, all financial, performance, and other reports as required by the terms and conditions of this Agreement; 11