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Department with a copy of the annual independent audit report within thirty (30) days of <br />completion of the report, but not later than nine (9) months after the County's fiscal year ends. <br />REIMBURSEMENT BY COUNTY <br />For all monies due the Department as referenced in this Agreement, reimbursement shall be <br />made by the County to the Department within sixty (60) days of receiving an invoice. A late <br />payment penalty and interest shall be charged on any unpaid balance due in accordance with <br />NCGS 147-86.23. <br />USE OF POWELL BILL FUNDS <br />If the other party to this agreement is a Municipality and fails for any reason to reimburse the <br />Department in accordance with the provisions for payment hereinabove provided, NCGS 136- <br />41.3 authorizes the Department to withhold so much of the Municipality's share of funds allocated <br />to Municipality by NCGS 136-41.1, until such time as the Department has received payment in <br />full. <br />23.SUNSET PROVISION <br />All terms and conditions of this Agreement are dependent upon, and subject to, the allocation of <br />funds for the purpose set forth in the Agreement and the Agreement shall automatically terminate <br />if funds cease to be available. <br />IT IS UNDERSTOOD AND AGREED that the approval of the Project by the Department is <br />subject to the conditions of this Agreement, and that no expenditures of funds on the part of the <br />Department will be made until the terms of this Agreement have been complied with on the part of <br />the County. <br />Agreement ID # 446 18 <br />