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1 { . I <br /> audit requirement or substitute a requirement for a project audit performed in accordance ���ith <br /> the Comptroller General's standards. The Recipient agrees to obtain any other audits required by <br /> the Government. Project closeout ��-ill not alter the Recipient's audit responsibilities. Audit <br /> costs for Project administration and management are allo���able under this Project to the extent <br /> authorized by OMB Circular A-87, Re��ised; OMB Circular A-21, Revised; or OMB Circular <br /> A-122, Revised. <br /> (2) Inspection bv Federal Officials. The Recipient agrees to permit the Secretary and the <br /> Comptroller General of the LTnited States, or their authorized representatives, to inspect all <br /> Project ���ork, materials, payrolls, and other data, and to audit the books, records, and accounts of <br /> the Recipient and its contractors pertaining to the Project. The Recipient agrees to require each <br /> third party contractor ���hose contract a���ard is not based on competitive bidding procedures as <br /> defined by the Secretary to permit the Secretary of Transportation and the Comptroller General <br /> of the United States, or their duly authorized representati��es, to inspect all �vork, materials, <br /> pati•rolls, and other data and records im�ol��ing that contract, and to audit the books, records, and <br /> accounts in��ol��in� that convact as it affects the Project. <br /> Section 107. Pa��ments. ' <br /> a. Request bv the Recipient for Pa �Lnt. The Recipient's request for payment of the Federal ', <br /> share of allo���able costs ���ill be honored by the Government as set forth in this section of the <br /> ��1-eement. Each pa��ment made to the Recipient must comply �vith Department of the Treasur� <br /> re�.:ulations, "Rules and Procedures for Funds Transfers," 3l C.F.R. Part 205. To receive a <br /> Federal assistance pa}�ment, the Recipient must: <br /> ( 1 ) Ha��e demonstrated or certified that it ���ill provide local funds adequate, ���hen combined , <br /> ���ith Federal pa��ments, to co��er all costs to be incurred under the Project. A Recipient <br /> required b�� Federal statute or this Agreement to pro��ide a local share agrees to refrain from : <br /> (a 1 requestin� or obtaining Federal funds in excess of the amount justified by the local share that <br /> has been pro��ided; and (b) taking any action that "�ould cause the proportion of Federal funds <br /> made a��ailable to the Project at an}� time to exceed the percentage authorized under the <br /> A�reement. A Recipient may defer pro��ision of the local share only to the extent expressly <br /> perrnitted by the Go��ernment. <br /> (2) Have submitted to the Go��ernment (FTA) all financial and progress reports required to <br /> date under this Agreement; and <br /> (3) Ha��e identified the source(s) of financial assistance provided under this Project or <br /> Program from ���hich the payment is to be derived. <br /> b. Pavment by the Go��ernment. The Government (FTA) makes all payments by the Automated <br /> Clearing House (ACH) method of payment, regardless of the money amount involved. <br /> (1) Electronic Clearing House Operation (ECHOI Pa��ments. If payment is made under the <br /> Electronic Clearinghouse Operation (ECHO), by means of an ECHO Control Number (ECN), <br /> Page 7 <br />