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Consolidated Agreement-M4 Page 16 of 23 <br /> L. RECORD RETENTION <br /> In accordance with the State's basic records retention policy,records resulting from these Services shall <br /> not be destroyed, purged or disposed of without the express written consent of the Division during the <br /> period specified in the State's records retention policy and in accordance with state and federal law. State <br /> basic records retention policy requires all grant records to be retained for a minimum of five years or until <br /> all audit exceptions have been resolved,whichever is longer. If the contract is subject to Federal policy <br /> and regulations,record retention may be longer than five years since records must be retained for a period <br /> of three years following submission of the final Federal Financial Status Report,if applicable,or three <br /> years following the submission of a revised final Federal Financial Status Report. Also,if any litigation, <br /> claim,negotiation, audit, disallowance action, or other action involving this Contract has been started <br /> before expiration of the five-year retention period described above,the records must be retained until <br /> completion of the action and resolution of all issues which arise from it,or until the end of the regular <br /> five-year period described above,whichever is later. Records for Temporary Assistance for Needy <br /> Families(TANF) and MEDICAID and Medical Assistance grants and programs must be retained for a <br /> minimum of ten years. <br /> IN WITNESS'WHEREOF,the Department and the State have executed this agreement in duplicate <br /> originals, one of which is retained by each of the parties. <br /> LOCAL SIGNATURES STATE OF RTH CAROLINA <br /> Health Director Date State Health Director Date <br /> or Authorized Agent <br /> 4,4� J� ?�,� <br /> Finance Officer Date <br /> s(when required) Date <br />