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DocuSign Envelope ID:B95B2B37-A96F-476E-BOA3-471C4F5BB77D <br /> the costs were unallowable. <br /> Program income not used in accordance with the requirements of <br /> 20 CFR 627 .450 shall be returned to the Department of Labor. <br /> Effective July 1, 1993 any interest earned on advances will be <br /> considered program income and will be subject to the above <br /> provisions . <br /> I.T. System: <br /> The Contractor shall ensure all participant files are approved <br /> and reviewed for accuracy prior to keying into the new I. T. <br /> System by signing the Staffing Form which approves enrollment <br /> into WIA and placed in the participant' s file. <br /> R-Ctde-aVI a. \â– Aanceanc,int <br /> Contractor' s . ame and Title j <br /> 15. BONDING: <br /> The WIA Contractor shall procure a fidelity bond for all <br /> persons authorized to receive or disburse WIA funds and public <br /> agencies shall procure a public employee ' s faithful <br /> performance blanket bond. Non-governmental agencies shall <br /> have a blanket fidelity position bond or an individual <br /> fidelity bond. <br /> The bond limit shall be at least the amount of compensation <br /> specified in thecontract or $50, 000 whichever is less. No <br /> payments authorized under this Contract shall be made to the <br /> WIA Contractor until a copy of the bond has been furnished to <br /> the LA. Submit a copy of the bond agreement. <br /> 16 . MAINTENANCE OF RECORDS: <br /> The WIA Contractor shall maintain all fiscal and program <br /> records for periods required by federal regulations, but in no <br /> event less than five years from the completion of services <br /> under this Contract. Provided, should audit proceedings be <br /> instituted concerning this Contract, the WIA Contractor shall <br /> not destroy any records thereof until notified in writing that <br /> such records are no longer needed. <br /> All documents pertinent to WIA activity remain the sole <br /> property of the LA and shall be transferred to the LA or the <br /> State upon demand. A WIA Contractor who goes out of business <br /> or is unable to retain records shall transfer these records to <br /> the LA in an orderly fashion with each box labeled and in an <br /> acceptable condition for storage. An inventory of the <br /> contents of each box will be provided. <br /> 17 . ACCESS TO RECORDS: <br /> The LA, the State, USDOL, and Comptroller General of the <br /> United States or any of their designees shall have access to <br /> all records of any type of the Contract or its subrecipient <br /> with regard to funded activities . <br /> Local Workforce Area Contract Agreement Page 7 of 28 <br /> Amended 6/12 <br />