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12 -ORA -0 -SA 08/16/2016 <br />STP L-5063(169 ) <br />SPECIAL COVENANTS OR REMARKS <br />48 CFR, Federal Acquisition Regulations System, Chapter 1, Part 31, et seq., shall be <br />used to determine the allowability of individual PROJECT cost items. <br />I. Every sub -recipient receiving PROJECT funds under this AGREEMENT shall comply <br />with 2 CFR, Part 200, 23 CFR, 48 CFR Chapter 1, Part 31, Local Assistance Procedures, <br />Public Contract Code (PCC) 10300-10334 (procurement of goods), PCC 10335-10381 <br />(non -A&E services), and other applicable STATE and FEDERAL regulations. <br />J. Any PROJECT costs for which ADMINISTERING AGENCY has received payment or <br />credit that are determined by subsequent audit to be unallowable under 2 CFR, Part 200, <br />23 CFR, 48 CFR, Chapter 1, Part 31, and other applicable STATE and FEDERAL <br />regulations, are subject to repayment by ADMINISTERING AGENCY to STATE. <br />K. STATE reserves the right to conduct technical and financial audits of PROJECT <br />WORK and records and ADMINISTERING AGENCY agrees, and shall require its <br />contractors and subcontractors to agree, to cooperate with STATE by making all <br />appropriate and relevant PROJECT records available for audit and copying as required <br />by the following paragraph: <br />ADMINISTERING AGENCY, ADMINISTERING AGENCY'S contractors and <br />subcontractors, and STATE shall each maintain and make available for inspection and <br />audit by STATE, the California State Auditor, or any duly authorized representative of <br />STATE or the United States all books, documents, papers, accounting records, and other <br />evidence pertaining to the performance of such contracts, including, but not limited to, the <br />costs of administering those various contracts and ADMINISTERING AGENCY shall <br />furnish copies thereof if requested. All of the above referenced parties shall make such <br />AGREEMENT, PROGRAM SUPPLEMENT, and contract materials available at their <br />respective offices at all reasonable times during the entire PROJECT period and for three <br />(3) years from the date of submission of the final expenditure report by the STATE to the <br />FHWA. <br />L. ADMINISTERING AGENCY, its contractors and subcontractors shall establish and <br />maintain a financial management system and records that properly accumulate and <br />segregate reasonable, allowable, and allocable incurred PROJECT costs and matching <br />funds by line item for the PROJECT. The financial management system of <br />ADMINISTERING AGENCY, its contractors and all subcontractors shall conform to <br />Generally Accepted Accounting Principles, enable the determination of incurred costs at <br />interim points of completion, and provide support for reimbursement payment vouchers or <br />invoices set to or paid by STATE. <br />M. ADMINISTERING AGENCY is required to have an audit in accordance with the Single <br />Audit Act of 2 CFR 200 if it expends $750,000 or more in Federal Funds in a single fiscal <br />year of the Catalogue of Federal Domestic Assistance. <br />N. ADMINISTERING AGENCY agrees to include all PROGRAM SUPPLEMENTS <br />adopting the terms of this AGREEMENT in the schedule of projects to be examined in <br />Program Supplement 12-5063F15-17160- ISTEA Page 5 of 6 <br />