Agenda - 09-19-2007-4j - Laserfiche WebLink

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16 (H) Failure on the part of the County to comply with any of these provisions will be grounds for the Department and/or FHWA to terminate participation in the costs of the work. (I) The County shall construct, or cause to be constructed, the project within one (1) year of execution of this Agreement. (J) All invoices must be submitted within six (6) months of completion and acceptance of the work by the Department and FHWA or said invoices will be considered ineligible items for payment. (K) The County agrees that, if the Federal Highway Administration does not participate in certain costs because of noncompliance with Federal and/or State regulations by the County, the County will reimburse the Department for such costs. All costs not reimbursed to the Department by the FHWA for noncompliance by the County shall be borne by the County. (~) In the event any monies are due to the Department as referenced in this Agreement, said funds shall be submitted within sixty (60) days of invoicing by the Department. The Department shall charge a late payment penalty and interest on any unpaid balance due in accordance with G.S. 147-86.23. (M) The Department reserves the right to deduct monies from the County's Powell Bill Fund if monies paid to the County from the project funds are determined by the Department and/or FHWA, either by audit and/or inspection of books, documents, papers, accounting records, and such other evidence as may be appropriate to substantiate costs, not to be in compliance with the terms of this agreement. 18. The County and its agents shall maintain all books, documents, papers, accounting records, and such other evidence as may be appropriate to substantiate costs incurred under this Agreement. Further, the County shall make such materials available at its office and shall require its agent to make such materials available at its office at all reasonable -16-