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� • � ' � � � , <br /> 4.6 FISCAL RECORDING/REPORTING REOUIREMENTS. . <br /> The Grantee is accountable for all funds disbursed under this Grant. The Grantee's <br /> financial management system shall be structured to provide for accurate, current, and <br /> complete disclosure of the expenditure of all funds provided under this Agreement. The <br /> Grantee shall maintain effective control and accountability over all funds disbursed and, <br /> equipment, property, or other assets acquired with grant funds. The Grantee shall keep <br /> records sufficient to permit the tracing of 'funds to a level of expenditure adequate to <br /> ensure that funds have not been spent unlawfully. <br /> 4.7 PROCUREMENT OF CONSTRUCTION AND PROFESSIONAL SERVICES• <br /> ACOUISITION OF EOUIPMENT. <br /> The Grantee shall procure all construction and professional services, and acquire <br /> equipment and materials financed in whole or in part with grant funds provided <br /> hereunder, through written, contractual agreement(s), which specify the rights and <br /> obligations of both parties relevant to the specified transaction. <br /> 4,8 LEGAL COMPLIANCE. <br /> In addition to complying with the statutes and regut�ations specifically referenced in this <br /> Agreement, the Grantee is responsible for determining the applicability of and complying <br /> with any other laws, regulations, ordinances, etc. which govern the. Grantee's <br /> performance qf the activities described in Pa�t III hereof, including, but nof timited to <br /> the Prevailing Wage Act (820 ILCS 130/0.01 et seq.) and the Interagency Wetlands <br /> Policy Act (20 ILCS 830/1 et seq.). <br />