R90-53 AUTHORIZING AN AGREEMENT WITH THE UNITED STATES DEPARTMENT OF TRANSPORTATION

Home Browse Search

Section 107 . Pro�ect Completion, Audit. Settlement, and Closeout. Within 90 days of the Project completion date or termination by the Government, the Recipient shall submit a final Financial Status Report (Standard Form 269) , a certification or summary of Project expenses, and third party audit reports, as applicable. Each governmental Recipient covered shall undertake the audits required by 49 C.F.R. Part 18.26 and OMB Circular A-128. For a nongovernmental Recipient, either the Government (UMTA) or an agency designated by the Government (UMTA) will perform a final ' audit of the Project to determine the allowability of costs - incurred to determine settlement of the Federal assistance for the Project in accordance with Part I of this Agreement. If UMTA has - made payments to the Recipient in excess of the total amount of . the Federal assistance due, the Recipient shall promptly remit to the Government (UMTA) that excess and interest as may be required by Subsections 105.b. and 105.e. of Part II of this Agreement. Project closeout occurs when the Government notifies the Recipient and forwards the final Federal assistance payment or when the Recipient's remittance of the proper refund has been acknowledged by the Government. 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 108 . Proiect Real Pro�erty, Ectuipment, and Supplies. The following conditions are applicable to real property, equipment, and supplies financed under this Agreement: a. The Recipient agrees to observe the property management standards set forth in 49 C.F.R. §§ 18 . 31, 18. 32, and 18. 33 , or OMB Circular A-110, Attachment N, as appropriate, as now or hereafter amended, and any guidelines or regulations that the Government may issue. Exceptions to the requirements of 49 C.F.R. §§ 18 . 31, 18. 32 , and 18. 33, and to OMB Circular A-110, Attachment N must be specifically approved by the Government. The Government reserves the right to require the Recipient to transfer title to any equipment financed with Federal assistance made available by this Agreement as set forth in 49 C.F.R. § 18. 32 (g) or OMB Circular A-110, Attachment N, as may be appropriate. The Government also reserves the right to direct the disposition of real property or equipment financed with Federal assistance funds made available under this Agreement, as set forth in 49 C.F.R. §§ 18 . 31 and 18. 32 or OMB Circular A-110, Attachment N, as may be applicable. b. The Recipient agrees to maintain the Project real property, equipment, and supplies in good operating order, and in accordance with any guidelines, directives, or regulations that UMTA may issue. If, during the period, any Project real estate, equipment, or supplies are not used in mass transportation service, whether by planned withdrawal, misuse or casualty loss, the Recipient Page 10