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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 />