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. � N <br /> a. Project Completion. Within 90 days of the Project completion date or termination by the <br /> Go��ernment, the Recipient agrees to submit a final Financial Status Report (Standard Form <br /> 269), a certification or summary of Project expenses, and third party audit reports, as applicable. <br /> b. Audits. Each Go��ernmental Recipient agrees to undertake the audits required by 49 C.F.R <br /> § 18.26 and OMB Circular A-128 or any revision or supplement thereto. Each <br /> Nongovernmental Recipient co��ered agrees to undertake the audits required by OMB Circular <br /> A-133 or any revision or supplement thereto. <br /> c. Remittance of Excess Pa��ments. If the Go��ernment has made payments to the Recipient in <br /> excess of the total amount of the Federal assistance due, the Recipient agrees to promptly remit <br /> that excess and interest as may be required by Part II, Subsections 107.b and 107.f of this <br /> Ag-reement. <br /> d. Proiect Closeout. Proiect closeout occurs ���hen the Go��ernment notifies the Recipient and <br /> for���ards the final Federal assistance payment, or ���hen the Go��ernment ackno��-ledges the <br /> Recipient's remittance of the proper refund. Project closeout shall not invalidate any continuing <br /> obligations imposed on the Recipient by this Agreement or by the Go��ernment's final <br /> notification or ackno���ledgment. <br /> Section l l0. Real Propert�•, Equi,�ment, and Su�plies. <br /> Unless other���ise appro��ed b}� the Federa] Transit Administrator, the follo���ing conditions apply <br /> to real property, equipment, and supplies financed under this Agreement: <br /> a. l.'se of Propert�. The Recipient agrees that Project real property, equipment, and supplies <br /> shall be used for the pro��ision of transit ser��ice for the duration of their useful life, as <br /> determined b}� FTA. Should the Recipient unreasonably delay or fail to use Project real <br /> property, equipment, or supplies during their useful life, the Recipient agrees that FTA may <br /> require the Recipient to return the entire amount of the Federa] assistance expended on that real <br /> propert}�, eGuipment, or supplies. The Recipient further agrees to notify FTA immediately ���hen <br /> any Project real property or equipment is ��•ithdra��m from use in transit service or when real <br /> property or equipment is used in a manner substantially different from the representations made <br /> by the Recipient in its Application or the text of the Project Description. <br /> b. General Federal Re„�uirements. A Recipient that is a governmental entity agrees to comply <br /> ���ith the property management standards of 49 C.F.R. §§ 18.31, 18.32, and 18.33, including any <br /> amendments thereto, and other applicable guidelines or regulations that the Government may <br /> issue. A Recipient that is not a governmental entity agrees to comply with OMB Circular <br /> A-110, <br /> Re��ised, including any amendments thereto, and other applicable guidelines or regulations that <br /> the Go��ernment may issue. Exceptions to the requirements of 49 C.F.R. §� 18.31, 18.32, and <br /> 18.33, and to OMB Circular A-110, Re��ised, must be specifically approved by the Go��ernment. <br /> Page 12 <br />