R94-116 AUTHORIZING AN AGREEMENT WITH THE UNITED STATE DEPARTMENT OF TRANPORTATION

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� � audit requirement or substitute a requirement for a project audit performed in accordance with the Comptroller General's standards. The Recipient agrees to obtain any other audits required by _ the Government. Project closeout will not alter the Recipient's audit responsibilities. Audit costs for Project administration and management aze allowable under this Project to the extent authorized by OMB Circular A-87, Revised; OMB Circular A-21, Revised; or OMB Circulaz A-122, Re��ised. (2) Inspection bv Federal Officials. The Recipient agrees to permit the Secretary and the ComptroZler Ger�eral of the United States, or their autharized representatives, to inspect all Project work, materials, payrolls, and other data, and to andit the books, records, and accounts of the Recipient and its contractors pertaining to the Project. The Recipient agrees t�require each third party contractor whose contract award is not based on competitive bidding procedures as defined by the Secretary to permit the Secretary of'Transportation and the Comptroller General of the United States, or their duly authorized representatives, to inspect all work,materials, pa�7o11s, and ather data and records involving that contract, and to audit the books, records, and accounts im•olving thar contract as it affeets the Project. Section 107. Pavments. a. Request by the Recipient for Payment. The Recipient's request for payment of the Federal share of allov�•able costs will be honored by the Government as set forth in this section of the Agreement. Each paymenc made to the Recipient must comply with Deparnnent of the Treasury regulations, "Rules and Procedures for Funds Transfers," 31 C.F.R. Part 205. To receive a Federal ass�stance payment, the Recipient must: ( l ) Ha��e demonstrated or certified that it will provide local funds adequate, when combined v�rith Federal payments, to cover all costs to be incurred under the Project. A Recipient reguired by Federal statute or this Agreement to provide a local share agrees to refrain from : (a) requesting or obtaining Federal funds in excess of the amount jusrified by the local share that has been pro�ided; and (b) taking any action that would cause the proportion of Federal funds made a��ailable to rhe Project at any time to exceed the percentage authorized under the Agreement. A Recipient may defer provision of the local share only to the extent expressly permitted by the Government. (2) Have submitted to the Government (FTA) all fir►ancial and progress reports required to date under this Agreement; and (3) Have identified the source(sj of financial assistance provided under this Project or Program from which the payment is to be derived. b. Payment by the Government. The Government (FfA) makes all payments by the Automated Clearing Nouse (ACH) method of payment, regardless of the money amount involved. (l ) Electronic Clearing House Operation (ECHO) Pavments. If payment is made under the Electronic Clearinghouse Operation (ECHO), by means of an ECHO Control Number (ECN), Page 7