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• 1 it The SUBRECIPIENT agrees to comply with the closeout procedures detailed in 2 CFR 200343, including the following (1) SUBRECIPIENT must submit, no later than ninety (90) calendar days after the and date of the period of performance, all financial, performance, -and other reports as required by the terms and conditions of the Federal award; (2) Unless the CITY authorizes an extension, SUBRECIPIENT must liquidate all obligations incurred under the Federal award not later than ninety (90) calendar days after the end date of the period of performance as specified in the terms and conditions of the Federal award; (3) SUBRECIPIENT must promptly refund any balances of unobligated cash that the CITY paid in advance or paid and that is not authorized to be retained by SUBRECIPIENT for use in other projects (See OMG Circular A-129 and 2 CPR 200,345); (4) SUBRECIPIENT must account for any real and personal property acquired with Federal fiords or received frorn the Federal government in accordance with 2 CFR 200.310-200.316 and 200,329; and, (5) The CITY should complete all closeout actions for the Federal award no later than one year after receipt and acceptance of all required final reports. M., a 130 DO DI Ell II The invalidity in whole or in part of any provision of this ARGREEMBNT shall not void or affect the validity of any other provision of this AGREEMENT, Whenever possible, each provision of this AGREEMENT shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this AGREEMENT is held to be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions of this AGREEMENT. mularialkTA DI 101 1h:112-u-I mw ti 01 Om j W" This AGREEMENT shall be governed by and construed in accordance with the laws of the State of California, and all applicable federal laws and regulations. �'- t No delay or omission by the CITY hereto to exercise any right or power accruing upon any noncompliance or default by the SUBRECIPIENT with respect to any of the terms of this AGREEMENT shall impair any such right or power .or be construed to be a waiver thereof, A waiver by either of the parties hereto of any of the covenants, conditions, or agreements to be performed by the other shall not be construed to be a waiver of any succeeding breach thereof or of any other covenant, condition, or agreement herein contained. 18