CALIFORNIA DEPARTMENT OF PARK AND RECREATION (2)

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Exhibit B 1. If GRANT MONIES are advanced for DEVELOPMENT projects, the advanced. . funds shall be placed In an Interest boating account until expanded. Interest earned on the advano®d,funds shall be used on the project as approved by the STATE. If gmdt mortis% are advanced W not expended, the unused portion of the oame projgotioompletton dr end of dthe Grant l be perfomtmoo. t'ed to the o��whbho eE whhIn ris earUays orr,, r 2, The GRANTEE $hall submit Wrhton project status reports whhin 30 calendar days a(tdr tree STATE boo mad* auch'a toques f. la any overt, the GRANTEE -shill provide the STATE a report showing ttdai ti►ral project axpendtiures within r3U days of project ciwhhpiatktn or the end of the grant porfontlanoe,oertad, whichever is earlier. The TAT"' Performance period Is ktontiieid. In Section t of this CONTRACT. 3; The GRANTEE shall make property or lacdtilles soquired and/w developed pursuant to this contract available for Inappotion upon request by the STATE. E, l+rej�t'Tenrrriratles,r • 1, projWTermination norstothe non -completion of a GRANT SCOPE. Any grant funds that have not been expended by the GRANTEE shall revert to trod STATE, 2. As GRANTEE may unilateraty rescind this CONTRACT at any time prior to the cornmancement of tho pmJect. The ocm metrosment of the prnjoot means the date of the letter notirylng GRANTEE of the award or when rho funds are appropriated, whichover to later. 11ft%r project cwmmancemont, this CONTRACT maybe rescinded, modified or aimended only by minuet agreement in writing between'the. GRANTEE and the STATE, unless the provisions of thI% CONTRACT provide that mutual agreement is- not requirred. 3, Fallune by Ilia GRANTEE to comply with the terns of the (a) GUIDE, (a) any. legislation appltoable to the ACT, (c) this CONTRACT as well as any olhorgrant corttnecta, speolfad orgenetal, that GRANTER has entered Into with STATE, may be cause for $usppmstorr of all obiigaltiions of the STATE fatless the STATE d*rr6ine8 that such fatiurs was due to no fault of rite GRANTEE.• in such oaea, $TAT'E may rolmburae GRANTEE for eligible coats properly incurred In - paricrmwnoo of this CONTRACT despite non"d arsine of the C3RAANTES. To qualify for such reimbursoment, GRANTEE agrees to mitigato lte lasses to the best of He ability.. .4. Any breach of any term, provtslon, obligation or requiramank of this CONTMT by the GRANTEE shah be a default of this CONTRACT, In the case of any default by eRANTW, STATE $hall be entitled to all minediss available under law and equity, Including but not hmlt%d to. a) Spec is Perfamnanos; b) Return of all GRANT MONIES; o) payment to the STATE of the fair market value of the ptloject property or tile, actual sales prica, whichever is higher; arnt d) payment to tite STATE of the costs of enforcement of this CONTRACT; Including but not limited to court and. arbitration coats, foe$, expenses, of litigation, and reasonable attorney foss,