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r pp <br /> " - _ •cis" :s. '.�." .• r :,,, • :`*,v"' 4 `.J; L•b-:'.'�4.�ui.{.y . <br /> .. _ _ .r..�`.5: _ .e?ct.::: - - •'n. w^CT "ii�,•5��� <br /> Pa a 5" of4 <br /> complied with laws and regulations •affecting the expenditure -of <br /> Federal funds, - (4) internal procedures have been established to meet <br /> the objectives of federally assisted programs, and (5) financial <br /> reports to the Federal Government contain accurate and reliable <br /> information. Such audits usually will be made annually, but not <br /> less frequently than every two years. Two copies of the independent <br /> audit report are to be submitted to the Statewide Planning Branch, <br /> Division of Highways, North Carolina Department of Transportation. <br /> (d) The Municipality and consultants employed by the <br /> Municipality shall maintain all books, documents, papers, accounting <br /> records and other evidence pertaining to cost incurred for a period <br /> of not less than three (3) years from date of final payment. Such <br /> records will be available for inspection and audit by the Department <br /> or the Federal Highway Administration. <br /> (e) All consultants employed by the Municipality using Section <br /> 104 (f) Planning Funds as set forth in this Agreement must maintain <br /> accounting records in full compliance with the provisions of <br /> subparagraphs (b) and (d) above, and be approved by the Department <br /> and the Federal Highway Administration. <br /> (f) It is further understood and agreed that.. in the event the <br /> U. S. Department of Transportation fails to participate in any cost <br /> of any portion of work provided for herein because of noncompliance <br /> with Federal and State regulations, tl= S2f such work -found to <br /> bg in noncompliance shall 12a borne fully by the "Munici"pality. <br /> Section 5. Reid Contract Provisions-f= Federal-Aid <br /> Contracts <br /> (a) The Municipality shall comply with the Equal Opportunity <br /> Provisions of the Required Contract Provisions for Federal-Aid <br /> Contracts in accordance with Attachment B, which is attached hereto <br /> and incorporated herein and made a part of this Agreement. <br /> (b) The Municipality shall comply with the subcontracting <br /> provisions as contained in the Federal Aid Policy Guide, Part 172, <br /> and additions or amendments thereto. <br />