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t. 41, for coapletion of the PROJECT and will provide FIND with suitable evidence of the:.availability of such' funds, including but not limited to, providing FIND with access to applicable books and records, financial statements, and bank statements. -S. To be eligible for reimbursement under the Project Agreement, costa must be necessary and reasonable for the effective and efficient accomplish- ment of the PROJECT and must be directly allocable thereto ("PROJECT COSTS"). PROJECT COSTS must be incurred and work performed within the Project Period, with the exception of pre -agreement coats, if any, specifically identified in Paragraph,6 below, which are also eligible for reimbursement by FIND. 6. FIND and the PROJECT SPONSOR fully understand and agree that there shall be no reimbursement of funds by FIND for any obligation or expenditure made prior to the execution of thi1 Project Agreement with the exception of $ 0 for: N/A 7. PROJECT COSTS shall be reported to FIND and summarised on the Payment Request Form attached as Exhibit C. Supporting documentation including bills and cancelled payment vouchers for expenditures shall be provided to the FIND by the PROJECT SPONSOR or LIAISON AGENT pith ony payment request. All records in support of the PROJECT COSTS included in payment requests shall be subject to review and approval by FIND or by an auditor selected by FIND. Audit expenses shall be borne by the PROJECT SPONSOR. 0. Project funds may be released in installments, at. the discretion of FIND, upon submittal of a payment request by the PROJECT SPONSOR or LIAISON AGENT. FIND shall retain ten percent (10Z) of each installment payment until the completion of the PROJECT. The PROJECT SPONSOR, upon completion of the PROJECT, shall make available to FIND a Final Audit of expenses incurred on the PROJECT prior to or in conjunction with the request for the final payment of the PROJECT AMOUNT. The Payment amounts previously retained by FIND shall be paid upon (1) receipt of the Final Audit report by FIND, (2) full comple- tion of the PROJECT to the reasonable satisfaction of FIND, and (3) submission of Project Completion Certification Form No. 90-23 (Exhibit E). Unless other- wise determined by FIND, the final reimbursement check shall be presented by a FIND representative to the PROJECT SPONSOR during a public commission -meeting or public dedication ceremony for the PROJECT facility. The -following costs, if authorized in the attached Exhibit "B" shall be reimbursed only upon completion of the PROJECT do the reasonable satisfaction of FIND: personnel, -2- 86IZ9dZI60ao