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Developer' s obligation to Grantee shall not end until the US Department of <br /> Housing and Urban Development completes all close -out requirements for the NSP3 <br /> grant . Activities during this close -out period shall include , but are not limited to : making <br /> final payments; disposing of program assets ( including the return of all unused <br /> materials, ' equipment, unspent cash advances, and accounts receivable to the Grantee ) <br /> and determining the custodianship of records . The terms of this Agreement, however, <br /> shall remain in effect during any period that Developer has control over NSP3 funds, <br /> including program income . <br /> 6 . Audits & Inspections <br /> All Developer records with respect to any matters covered by this Agreement <br /> shall be made available to Grantee , Grantee agency, HUD, and the Comptroller General <br /> of the United States or any of their authorized representatives, at any time during <br /> normal business hours, as often as deemed necessary, to audit, examine , and make <br /> excerpts or transcripts of all relevant data . Any deficiencies noted in audit reports must <br /> be fully cleared by Developer within 30 days after receipt by Developer . Failure of <br /> Developer to comply with the above audit requirements will constitute a violation of <br /> this contract and may result in the withholding of future payments or termination of this <br /> agreement . <br /> C . Reporting and Payment Procedures <br /> 1 . Indirect Costs <br /> Direct and indirect costs of staff cannot be charged by Developer. Developer will <br /> be reimbursed for internal costs through a developer fee as specified in this Agreement . <br /> 2 . Payment Procedures <br /> Grantee will pay to Developer funds available under this Agreement based upon <br /> information submitted by Developer and consistent with any approved budget and <br /> Grantee policy concerning payments . Payments will be made for eligible NSP3 related <br /> expenses actually incurred by Developer, and will not exceed actual cash requirements . <br /> Payments will be adjusted by Grantee in accordance with advance fund and program <br /> income balances available in Developer accounts . In addition , Grantee reserves the right <br /> to liquidate funds available under this contract for costs incurred by Grantee on behalf <br /> of Developer . <br /> HUD, through the Disaster Recovery Grant Reporting ( DRGR ) system , generally <br /> provides access to grant funds within 3 working days of an electronically submitted <br /> request by Grantee . To ensure expeditious implementation of activities, Grantee agrees <br /> to draw funds from the line of credit and make payment to Developer within 10 working <br /> days of receipt of Developer'-s complete and properly submitted requests for payment <br /> for activities under this agreement, if feasible . Developer agrees to submit requests for <br /> payment in a timely manner in the form and at the times directed by Grantee . <br /> _ 1 11111. .I I I-. _ _- _. _ <br /> 16Pac <br />