14-Reservation system participant to the Texas Dept of Housing

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Department shall notify RSP in writing within a reasonable time after such fact is determined. In that event, this Contract shall terminate and neither Department nor RSP shall have any further rights or obligations hereunder. H. In addition to the limitations on liability otherwise specified in this Contract, it is expressly understood and agreed by the Parties hereto that if RSP fails to submit to Department in a timely and satisfactory manner any Required Reports, Department may, at its sole option and in its sole discretion, withhold any or all disbursements otherwise due or requested by RSP hereunder. If Department withholds such disbursements, it shall notify RSP in writing of its decision, the reasons for this action and the time period in which RSP must bring itself into compliance. L Disbursements withheld pursuant to this section may be held by Department until such time as the RSP is in compliance with the reyuirements for which funds are being withheld. If RSP fails to perform as required within the stated cure period, Department may terminate this Contract and RSP hereby agrees and acknowledges that upon termination, RSP's rights to any funds shall be terminated. ARTICLE V AMENDMENTS A. Except as specifically provided otherwise in this Contract or in the HOME Rule, any changes, additions, or deletions to the terms of this Contract shall be in writing and executed by both Parties to this Contract and shall comply with the amendment requirements of the HOME Rule. An executed facsimile or electronic copy will be sufficient to evidence the Parties agreement to any amendment, revision or change to this Contract. If any Party returns this copy by facsimile machine or electronically, the signing party intends the copy of its authorized signature printed by the receiving machine, or the electronic copy, to be its original signature. B. Any changes, additions, or deletions to the terms of this Contract which are required by changes in federal or state law, or regulations, are automatically incorporated into this Contract without the requirement of a written amendment hereto, and shall become effective on the date designated by such law or regulation. ARTICLE VI CROSS-CUTTING FEDERAL REQUIREMENTS Section 6.1 Environmental Clearance A. The environmental effects of any activity carried out with funds that may be accessed under this Contract must be assessed in accordance with the provisions of the Program Requirements, National Environmental Policy Act of 1969 (NEPA) and the related activities listed in HUD's implementing regulations at 24 C.F.R. Parts 50, 51, 55 and 58. Each such activity must have an environmental review completed and support documentation prepared complying with the National Environmental Policy Act of 1969 and regulations at 24 C.F.R. Parts 50, 51, 55 and Part 58. No funds may be requested, reserved, or committed to an 9 of 25 2010-0015 1 74