CALIFORNIA DEPARTMENT OF PARK AND RECREATION (2)

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Exhibit B H. Flnanclal Records 1, The GRANTEE shall maintain satisfactory flnanoiafaoaounts, documents, Including loan documents, and all other records for the project and to make them available to .. the STATE for auditing at reasonable times. The GRANTRF, also agrees to retain such financial accounts, documents and reooals for five years following project termination or Issuance offinal payment, whichever Is later. ' Z, Tha GRANTEE shall keep such moords as the STATE shall presalbo, l holudlrig records which Arlly disclose (a) the disposition of the proceeds of STATE funding' assistance, (b) the total cost of the project In connection with such assistancethat is given or used, {a) the amount and nature of that portion of the project gnat supplied by other suurcest and (d) any other such records that will facilitate an efiaetive audit.. 3, the GRANTEE agrees that the STATE shall love the right to inspect and rnska apples of any books, records or reports pertaining to this oontmO or matters related thereto during regular oMos hours, The GRAME shall maintain and matte avablole for Inspection by the STATE accurate records of all of its costs, disbursements and remote wkh respect to Its aotinrltlas under this CONTRACT. . Such accounts, documents, and recordo Shall be tallalned toy the GRANTEE for at' Isest five yeati fallowing project termination or issuance of final payment, whichever b later. 4, The GRANTEE shall use a generally accepted accounting system. 1. Use of Fhiciouge f . The GRANTEE agrees that the GRANTEE shall operate and maintain the pmparty aoquired.ordevaloped with the GRANT'MONIES, for the duration of the Contract Perfomranoe Period. 2, The GRANTEE agrees that, during the Contract Performance period, the' GRANTEE shall use the property acquired ordeveloped with GRANT MONIES S under this contract only for the purpdees of this grant anq no other use, sale, or otherdlsposltion or change ofthe use ofthe property to one not consistent with Its purpose shall be permitted except as outhorked by the STATE and the properly shah be replaced with properly of equivalent value and. usetriness as determined by the STATE. • 3, The property aoquired or developed may be transferred to agother snoty 9 the successor amity assumes the obllgatons Imposed under this CONi'RA& and with the approval of STATE. q, Any real Property (Including any pardon of It' or any Interest ih 0' may not lie used as security for any debt or mitigation, without the Wdlan approval of the STATE •, ; : provided that such approval shall not be unreasonably withheld as•long as tie 6