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compliance with the law within sixty (60) days of notification of the violation(s): Ihiltu'e to gain compliance uvithiit sash time shall result in termination of grant funding liercunder, D. SeMatioltiofAccotrnts. All fwulsreceived bySUBRECIPIENTfromCITYpursuant. to this Agreement shall be nwintainul in an account in a federally insured Why or savings and lout institution with record keeping or such accounts maintained pursuant to applicable 2 CPR 20R302 rcquiruments. SUBRECIPIENT is not required to maintain separate depository accounts tin' CARES Act Funds, provided However, the SUBRECIPIENT must be able to account Ibr reccipt, obligatiota, distribution and cxperulitum of CARES Act Funds pwmmm to applicable 2 CFR 200,302 requiremenls. E. tlutJit IZcpg�i Rcquitrciucnts. SUBRECIPIENT agrecs that if SUBRECIPIENT expends Seven [lunched Fifty Thousand Dollars ($750,000) or more in lexlerat fiords, SUBRECIPIENT shall have an annual audit conducted by a certiNd public accountant in accordance wilt the standards as set thrth and published by the United States Office orNlanagemenl and Budget. SUBRECIPII NT shall provide CrrY with a copy of said audit by April I of the year Wowing the program year in which this Agreement is executed. F. Ccm?yl_ilticc withLawlProerana Incn111e. SUBRECIPIENT acknowledges that the Raids being provided by CITY ror said program are received by CITY pursuant to the CARIES Act, as amended, and that distribution and cxpcnditure of these CARES Act Funds shall be in accordance Nvith the CARES Act aid all pertinent regulations issued by agencies of the federal governmeil, including not limited to, all legUlations ('ound atTide24oftheCode orNoleral Regulations. Any program income received by SUBRECIPIENT MmU be returned to CITY, unless otherwise provided for in this Agreement. SUBRECIPIENT agrees to comply fully with all federal, state and local Laws and courtordoN applicable to itsopumaon and adminisumiion ofsaid prograit, w•hethcror not referred to in this Agreement. U Dcbarll ent. To protect the public interest and ensure the integrity of Federal programs, CITY may only conduct business with responsible persons and may not make any award or permit any award to any party which is debarred or suspended or is otherwise excluded from or ineligible, for participation in Federal assistance programs under Executive Orcler 12549, "Debarment and Suspension". See also 24 CFR 570.609. SUBRECIPIENT must review and sign Exhibit D "Debarment", which is attached I101-el0 aid incorporated herein by this reference. SUBRECIPIENT shall be in good standing, without suspension by the California Secretary of State, Franchise'fax Board or Internal Revenue Service. Any change in the corporate status or suspeisio❑ orSUBRECIPIENTshalt be reported immediately to CITY.