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Appendix D 2010-0499-53 <br /> Page 14 of 18 <br /> TERMINATION OF PROJECT <br /> If the University decides to terminate the Project without the concurrence of the Department, the <br /> University shall reimburse the Department one hundred percent(100%) of all costs expended by <br /> the Department and associated with the Project. <br /> AUDITS <br /> In accordance with OMB Circular A-133,"Audits of States, Local Governments and Non-Profit <br /> Organizations"(www.whitehouse.aov/omb/circularstal33/al33.html)dated June 27, 2003 and <br /> the Federal Single Audit Act Amendments of 1996,the University shall arrange for an annual <br /> single financial and compliance audit of its fiscal operations. The University shall furnish the <br /> Department with a copy of the annual single audit report within thirty(30)days of completion of <br /> the report. <br /> REIMBURSEMENT BY UNIVERSITY <br /> For all monies due the Department as referenced in this Agreement, reimbursement shall be <br /> made by the University 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 /> GIFT BAN <br /> By Executive Order 24,issued by Governor Perdue,and NCGS 133-32, it is unlawful for any <br /> vendor or contractor(i.e.architect,bidder,contractor,construction manager,design professional, <br /> engineer, landlord,offeror,seller,subcontractor, supplier,or vendor),to make gifts or to give <br /> favors to any State employee of the Govemor's Cabinet Agencies(i.e.Administration, <br /> Commerce, Correction,Crime Control and Public Safety,Cultural Resources, Environment and <br /> Natural Resources, Health and Human Services,Juvenile Justice and Delinquency Prevention, <br /> Revenue,Transportation, and the Office of the Governor). <br /> 12.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 /> Agreement ID#3777 11 <br />