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4. In the event that FCT determines at any time that the Recipient is engaging, or <br />allowing others to engage, in disallowable activities on the Project Site, the Recipient shall <br />immediately cease or cause the cessation of the disallowable activities upon receipt of written notice <br />from FCT. In addition to all other rights and remedies at law or in equity, FCT shall have the right <br />to seek temporary and permanent injunctions against the Recipient for any disallowable activities on <br />the Project Site. <br />DELEGATIONS AND CONTRACTUAL ARRANGEMENTS BETWEEN THE RECIPIENT AND <br />OTHER GOVERNMENTAL BODIES, NONPROFIT ENTITIES OR NON GOVERNMENTAL <br />PERSONS FOR USE OR MANAGEMENT OF THE PROJECT SITE WILL IN NO WAY <br />RELIEVE THE RECIPIENT OF THE RESPONSIBILITY TO ENSURE THAT THE <br />CONDITIONS IMPOSED HEREIN ON THE PROJECT SITE AS A RESULT OF UTILIZING <br />BOND PROCEEDS TO ACQUIRE THE PROJECT SITE ARE FULLY COMPLIED WITH BY <br />THE CONTRACTING PARTY. <br />XII. RECORDKEEPING; AUDIT REQUIREMENTS <br />1. The Recipient shall maintain financial procedures and support documents, in <br />accordance with generally accepted accounting principles, to account for the receipt and expenditure <br />of funds under this Agreement. These records shall be available at all reasonable times for <br />inspection, review or audit by state personnel, FCT and other personnel duly authorized by FCT. <br />"Reasonable" shall be construed according to the circumstances, but ordinarily shall mean the <br />normal business hours of 8:00 a.m. to 5:00 p.m., local time, Monday through Friday. <br />2. If the Recipient expends a total amount of State financial assistance equal to or in <br />excess of $500,000 in any fiscal year of such Recipient, the Recipient must have a State single or <br />project -specific audit for such fiscal year in accordance with Section 215.97, Fla. Stat., the <br />applicable rules of the Executive Office of the Governor and the Comptroller and Chapter 10.550 <br />(local government entities) or Chapter 10.650 (nonprofit organizations), Rules of the Auditor <br />General. In determining the State financial assistance expended in its fiscal year, the Recipient shall <br />consider all sources of State financial assistance, including State funds received from FCT, other <br />state agencies and other non -state entities. State financial assistance does not include Federal direct <br />or pass-through awards and resources received by a non -state entity for Federal program matching <br />requirements. The funding for this Agreement was received by FCT as a grant appropriation. <br />In connection with the audit requirements addressed above, the Recipient shall ensure that the audit <br />complies with the requirements of Section 215.97(7), Fla. Stat. This includes submission of a <br />reporting package as defined by Section 215.97(2)(d), Fla. Stat. and Chapter 10.550 (local <br />government entities) or 10.650 (nonprofit organizations), Rules of the Auditor General. <br />3. If the Recipient expends less than $500,000 in State financial assistance in its fiscal <br />year, an audit conducted in accordance with the provisions of Section 215.97, Fla. Stat. is not <br />required. If the Recipient elects to have an audit conducted in accordance with the provisions of <br />07-039-FF7 <br />Dec. 13, 2007 <br />Pre-acquisition <br />14- <br />