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( 2 ) Return to the Department an amount equal to the remaining Federal and <br /> State interest in the damaged or destroyed Project property . <br /> j . Misused or Damaged Project Property . If any damage to Project property results <br /> from abuse or misuse occurring with the Subrecipient ' s knowledge and consent , <br /> the Subrecipient agrees to restore the Project property to its original condition or <br /> refund the value of the Federal and State interest in that property , as the # <br /> Department may require . I <br /> i <br /> k . Responsibilities after Project Closeout . The Subrecipient agrees that Project <br /> closeout by the Department will not change the Subrecipient ' s Project property <br /> management responsibilities , and as may be set forth in subsequent Federal and <br /> State laws , regulations , and directives , except to the extent the Department <br /> determines otherwise in writing . <br /> 15 . Insurance <br /> The Subrecipient shall be responsible for protecting the state and /or federal financial <br /> interest in the facility construction /renovation and equipment purchased under this <br /> Agreement throughout the useful life . The Subrecipient shall provide , as frequently and <br /> in such manner as the Department may require , written documentation that the facility <br /> and equipment are insured against loss in an amount equal to or greater than the state <br /> and /or federal share of the real value of the facility or equipment . Failure of the <br /> Subrecipient to provide adequate insurance shall be considered a breach of contract and , <br /> after notification may result in termination of this Agreement . In addition , other insurance <br /> requirements may apply . The Subrecipient agrees to comply with the insurance <br /> requirements normally imposed by North Carolina State and local laws , regulations , and <br /> ordinances , except to the extent that the Department determines otherwise in writing . <br /> 16 . Term i nation <br /> a . Either party may terminate the Agreement by providing 60 days written notice <br /> to the other party , or as otherwise permitted by law . <br /> b . Should the Subrecipient terminate the Agreement without the concurrence of <br /> the Department , the Subrecipient shall reimburse the Department one hundred <br /> percent ( 100 % ) of all costs expended by the Department and associated with <br /> the work . <br /> 17 . Additional Repayment Requirements and Remedies <br /> a . The repayment requirements and remedies addressed in this Paragraph are in <br /> addition to those repayment requirements and other remedies set forth <br /> elsewhere in this Agreement , including the requirements to repay unspent <br /> funds . No remedy conferred or reserved by or to the Department is intended <br /> to be exclusive of any other available remedy or remedies , but each and every <br /> such remedy shall be cumulative and shall be in addition to every other remedy <br /> NCDOT PTD Federal Agreement Page 12 of 23 <br /> Revised 6/28/2018 <br />