Laserfiche WebLink
<br />Agreement No.550BO <br /> <br />SECTION 10 - RETENTION AND ACCESSIBIL TV OF RECORDS <br /> <br />10.1 Subrecipient shall maintain all records, financial management records and <br />supporting documentation for all expenditures of funds made under this <br />Agreement, in compliance with all retention and custodial requirements for <br />records referenced in this Agreement. <br /> <br />10.2 Subrecipient shall retain all fiscal records and supporting documents for a <br />minimum of three (3) years after final Agreement closeout. In the event there is <br />litigation or an unresolved audit discrepancy at the end of such retention period, <br />the records will be retained until the litigation or discrepancy is resolved. <br /> <br />10.3 Subrecipient shall provide state or federal auditing agencies, TEEX, or any of <br />their duly authorized representatives, access to and the right to examine, copy, <br />or reproduce all reports and records pertaining to this Agreement. Such rights to <br />access shall continue as long as the records are retained by the Subrecipient. <br /> <br />10.4 TEEX shall have the right of timely and reasonable access to Subrecipient and <br />Subrecipient premises and personnel for the purpose of inspection, monitoring, <br />auditing, evaluation, or interview, related to all records required to be retained <br />under this Section. <br /> <br />SECTION 11 - CHANGES AND AMENDMENTS <br /> <br />Any alterations, additions, or deletions to the terms of this Agreement or Statement of <br />Work shall be by modification hereto in writing and executed by both parties to this <br />Agreement before the changes to the Agreement are implemented. <br /> <br />SECTION 12 - SEVERABILITY <br /> <br />If a provision contained in this Agreement is held to be invalid, illegal, or unenforceable <br />for any reason, it shall not affect any other provision of the Agreement. It is the intent of <br />the parties that if any provision is held to be invalid, illegal or unenforceable, there shall <br />be added in lieu thereof a valid and enforceable provision as similar in terms to such <br />provision as is possible. <br /> <br />SECTION 13 - AUDITS OR EVALUATIONS <br /> <br />13.1 TEEX reserves the right to conduct or cause to be conducted an independent <br />audit of all funds received under this Agreement, which may be performed by <br />government audit staff, a certified public accounting firm, or other auditors as <br />designated by TEEX. Subrecipient shall cooperate with all authorized auditors <br /> <br />5 <br />