Laserfiche WebLink
CML•5063(100) <br />SPECIAL COVENANTS OR REMARKS <br />used to determine the ailowabilify of Individual, PROJECT cost items. <br />I. Every sub-recipient•receiving PROJECT funds under this AGREEMENT shall comply <br />with 2 CFR', Part 200, 23'CFR, 48 CFR.'Chapter 1, Part 31, Local Assistance Procedures, <br />Public Contract Code'(PCC) 103007-10334•(procurement of goods), PCC 10335-10381 <br />(non-A&E services); and other applicable STATE and FEDERAL regulations. • . <br />J. Any PROJECT costs for which ADMINISTERING. AGENCY has received payment or <br />credit that are determined by. subsequent.;audit to' be unallowable under•2 CFR, Part 200, <br />23 CFR, .48''CFR; Chapter,l, Part •31, and'ofher• applicable STATE and FEDERAL <br />regulatlons, are .'subject to repayment by ADMINISTERING AGENCY to STATE. ' <br />K. STATE. reserves the* right to conduct. technical and financial. audits of PROJECT <br />WORK' and records' and ADMINISTERING AGENCY agrees, and 'shall require* its ' <br />contractors. ' and. subcontractors to agree, to cooperate with. STATE .by making all <br />appropriate' and relevant PR'04ECT records available for audit ond.copying as required <br />by the following paragraph:. <br />ADMINISTERING " AGENCY; ADMINISTERING . AGENCY'S contractors and <br />subcontractors, and STATE shall each, maintain. and make available for inspection and <br />audit by STATE, the California State Auditor, or any duly authorized representative of. <br />'--STATE oTtha-,United-States ail bugles; documents, papers, accounting records, --and other— <br />evidence pertaining to the performance of such contracts', including, but not limited to, the <br />costs of administering' those various contracts• and ADMINISTERING AGENCY shall <br />furnish copies thereof requested. All of the above referenced parties shall make such <br />AGREEMENT; PROGRAM SUPPLEMENT, and, contract materials available at their <br />respective offices at all reasonable times during the entire PROJECT period and for three <br />(3) years from the date, of submission of the final expenditure report by the STATE to the <br />FHWA. . <br />L.. ADMINISTERING AGENCY,' its contractors and subcontractors shall establish and <br />maintain a financial mana'gempi nt system and records that properly accumulate and <br />segregate reasonable; allowable, and allocable' Incurred ..PROJECT costs and matching <br />funds by .line Item ' for ' the PROJECT: The . financial management system of <br />ADMINISTERING '_AGENCY, its contractors and all. subcontractors shall conform to <br />GenerallyAccepted Accounting.Principles, enable the'determination of Incurred costs at <br />interim points of completion, and provide support for reimbursement payment vouchers or <br />invoices set to or paid by.STATE. <br />M. ADMINISTERING AGENCY is required to have an audit in accordance with the Single <br />Audit Act of 2 CFR,200 if it expends $750,000 or more In Federal Funds in a single fiscal <br />year of the Catalogue of Federal. Domestic Assistance, <br />N. ADMINISTERING AGENCY, agrees to Include all PROGRAM SUPPLEMENTS <br />adopting the terms of this AGREEMENT In, the schedule of, projects to be examined in <br />ADMINISTERING AGENCY's 'annual audit and in the schedule. of projects to be <br />Program Supplement +165-R1• ISTEA Page 6 of 7 <br />