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Subrecipient is a governmental or quasi-governmental <br /> a�ency, the applicable sections of 24 CFR Part 85, <br /> "Uniform Admini�trative Rec�uirements for Grants and <br /> Cooperative Agreements to State and Local Governments, "} <br /> fnr all cost incurred whether charges on a direct or in- <br /> direct basis . <br /> B. Documentation and Record-KeepinQ <br /> 1. Records to be Maintained <br /> The Subrecipient shall maintain all records required by <br /> �he fE�eral regulations specified ia 24 CFR Part <br /> 570 .506, and that are pertinent to the activiti�s to be <br /> funded. under this Agreement. Such records shall iaclude <br /> but not be limited _to: <br /> a. Records providing a full descr�ption of each <br /> activity undertaken; <br /> b . Records demonstrating that each activity <br /> undertakea meets one of the Na�ional Objectives <br /> of the CD�G Program; <br /> c. Records required to dete�ine the eligibility <br /> of activities; <br /> d. Records rPquired to document the acquisition, <br /> improvem�.:� t, use or disposition of real px-operty <br /> acquired �r improved with CDBG assistance; <br /> e. Records documenting compliance with the fair <br /> housing and equal opportunity components of the <br /> C�BG program; <br /> f . Financial records as required by 24 CFR Part <br /> 570 . 502, and OMB Circular A-110; and <br /> g. Other records necessary to comply with Subpart <br /> K of 24 CFR 570 . <br /> 2 . Retention <br /> The Subrecipient shall retain all records pertinent to <br /> expenditures incurred under this contract for a period <br /> of three (3) years after the termination of all ac- <br /> tivities funded this Agreement, or after the resolution <br /> of all Federal audit findings , whichever occurs later. <br /> Records for non-expendable property acquired with funds <br /> under this contract shall be retained for three (3 ) <br /> years after final disposition of such property. Recorcis <br /> for any displaced person must be kept for three (3 ) <br /> years after he/she has received final payment. <br /> 6 <br />