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g. Utilization and Payment of Funds. Funds awarded are to be expended only for purposes and activities covered by the - Subgrantee's approved budget summary and scope of work (Exhibits A and B). Payments to the Subgrantee will be made on a quarterly basis in accordance with approved expenditure reports submitted by the Subgrantee. h. Obligation of Grant Funds. Subgrant funds shall not, without advance written approval by the Grantee, be obligated prior to the effective date or subsequent +-o the termination date of the subgrant period. Obligations outstanding as of the termination date shall be liquidated within 90 days. Such obligations must be related to goods or services provided and utilized within the subgrant period. i. Audit. An independent audit of the Subgrantee's finan- cial management system will be performed not less frequently than every two years by the Subgrantee. The audits must comply with requirements of OMB Circulars No. A-102 (Attachment P) and A-110, must be performed in accordance with Standards for Audit of Govern- ment Organizations, Programs, Activities, and Functions and must be made on an entity -wide basis which includes an appropriate sample of federal subgrants. The Subgrantee must indicate what organization(s) will conduct the"audit(s), the approximate time the audit(s) will be initiated and completed, the coverage to be provided (including the period of activities), and a projected date when the "audit report" will be issued and forwarded to the Grantee. j. Retention of Records. The Subgrantee shall maintain all records, documents and files pertaining to this Agreement for a period of three years from the date of conclusion of the Agreement unless informed by the Grantee that said records may be disposed of earlier. Access to those records must be provided at reasonable times to the Grantee and its employees and agents and to the federal grant agency, its employees and agents. k. Legal Authorization. The Subgrantee certifies with respect to this subgrant that it possesses legal authority to apply for the grant and that the applicant's governing body has adopted a resolution which authorizes the execution and acceptance of the Agreement with all understandings and assurances contained herein; and names and authorizes the person to act in connection with this Agreement. 1. Standard or Special Conditions. The Subgrantee agrees to comply with the requirements as specified in the attached "Standard or Special Conditions" appended hereto and incorporated herein by specific reference as Exhibit C (Special Conditions). -3-