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

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j ,r a. Pro�ect Com lep tion. V�%ithin 90 days of the Project complerion date or termination by the Government, the Recipient agrees to submit a final Financial Status Report (Standard Form 269), a certification or surrunary of Project expenses, and third party audit reports, as applicable. y b. Audits. Each Governmental Recipient agrees to undertake the audits required by 49 C.F.R § 18.26 and OMB Circular A-128 or any revision or supplement thereto. Each Nongo•�ernmen:al Recipient covered agrees to undertake the audits required by OMB Circular A-133 or any revision or supplement thereto. c. Remittance of Excess Pa�. If the Government has made payments to the Recipient in excess of the tata) amount of th� Federal assistarEct due,the Recipient agrees to promptly remit that excess and interest as tr�ay be required by Part II, Subsections 107.b and 107.f of this Agreement. d. Praject Closeout. Project closeout occurs when the Govemmeat notifies the Recipient and fon��ards the final Federa� assistance pa}zner�t., or u�tcen the �overnment acknowledges the Recipient's remittance of the proper refund. Project closeout shall not invalidate any continuing obligations imposed on the Recipient by this Agreement or by the Government's final notification or acknowledgment. Section I Ir�. Rea� Propert�quipment, and Supplies. lin)ess othen;�ise approved by the Federal Transit Administrator, the following conditions apply to real propert�. equipment, and supplies financed under this Agreement: a. Use of Property. The Recipient agrees that Project real property, equipment, and supplies shal] be used for the provision of transit service for the duration of their useful life, as determined by FTA. Should the Recipient unreasonably delay or fail to use Project real property, equ;pment, or supplies during their useful life, the Recipient agrees that FTA may require the Recipient to return the entire amount of the Federal assistance expended on that real propem�. equipment, or supplies. The Recipient further agrees to notify F'TA immediately ��vhen any Project real property or equipment is withdrawn from use in transit service or when real propeny or equipment is used in a manner substantially different from the representations made - by the Recipient in its Application or the text of the Project Description. b. General Federal Requirements. A Recipient that is a governmental entity agrees to comply with the property management standards of 49 C.F.R. §§ 18.31, 18.32, and 18.33, including any amendments thereto, and other applicable guidelines or regulations that the Government may issue. A Recipient that is not a governmental enrity agrees to comply with OMB Circular A-110, Revised, including any amendments thereto, and other applicable guidelines or regulations that the Go��ernment may issue. Exceptions to the requirements of 49 C.F.R. §§ 18.31, 18.32, and l 8.33, and to OMB Circular A-1 l0, Revised, must be specifically approved by the Government. Page 12