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(5) RECORDKEEPING (a) As applicable , Recipient's performance under this Agreement shall be subject to the federal "Common Rule : Uniform Administrative Requirements for State and Local Governments" (53 Federal Register 8034) or OMB Circular No . A-110 , "Grants and Agreements with Institutions of High Education , Hospitals , and Other Nonprofit Organizations, " and either OMB Circular No . A-87 , " Cost Principles for State and Local Governments , " OMB Circular No . A-21 , "Cost Principles for Educational Institutions , " or OMB Circular No . A-122, "Cost Principles for Nonprofit Organizations ." If this Agreement is made with a commercial (for-profit) organization on a cost-reimbursement basis , the Recipient shall be subject to Federal Acquisition Regulations 31 .2 and 931 .2 . (b) The Recipient shall retain sufficient records demonstrating its compliance with the terms of this Agreement for a period of five years from the date the audit report is issued , and shall allow the Department or its designee , Comptroller, or Auditor General access to such records upon request. The Recipient shall ensure that audit working papers are made available to the Department or its designee , Comptroller, or Auditor General upon request for a period of five years from the date the audit report is issued , unless extended in writing by the Department, with the following exceptions : 1 . If any litigation , claim or audit is started before the expiration of the five year period and extends beyond the five year period , the records will be maintained until all litigation , claims or audit findings involving the records have been resolved . 2 . Records for the disposition of non-expendable personal property valued at $5 ,000 or more at the time of acquisition shall be retained for five years after final disposition . 3 . Records relating to real property acquisition shall be retained for five years after closing of title . (c) All records , including supporting documentation of all program costs , shall be sufficient to determine compliance with the requirements and objectives of the Budget and Scope of Work - Attachment A - and all other applicable laws and regulations . (d) The Recipient , its employees or agents , including all subcontractors or consultants to be paid from funds provided under this Agreement, shall allow access to its records at reasonable times 3