14-Reservation system participant to the Texas Dept of Housing

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B. RSP agrees that Department, HUD, the Auditor of the State of Texas, the United States General Accounting Office, the Comptroller of the United States, or any of their duly authorized representatives, shall have the right to access and to examine all books, accounts, records, reports, files, and other papers or property belonging to or in use by RSP pertaining to this Contract. RSP agrees to maintain such records at its regular place of business. C. All records pertinent to this Contract shall be retained by RSP for a period of five (5) years in accordance with 24 C.F.R. §92.508(c), except: (i) If any litigation, claim, negotiation, audit, monitoring, inspection or other action has started before the expiration of the required record retention period records must be retained until completion of the action and resolution of all issues which arise from it, or until the end of the required period, whichever is later. (ii) Records covering displacement and acquisitions must be retained for five (5) years after the date by which all persons displaced from the property and all persons whose property is acquired for the project have received the final payment to which they are entitled in accordance with 24 C.F.R. Part 92. D. RSP acknowledges that Department is subject to the Texas Public Information Act and RSP agrees that funds received from the Department are subject to the Texas Public Information Act and the exceptions to disclosure as provided under the Texas Public Information Act. E. RSP shall include the substance of this Article VII in all of its subcontracts. Section 7.2 Reporting Requirements A. RSP shall submit to Department such reports on the operation and performance of this Contract as may be required by Department, including but not limited to the reports specified in this section. RSP shall provide Department with all reports necessary for Department's compliance with 24 C.F.R. Part 92, which shall hereby be referred to as "Required Reports." B. In addition to Required Reports, the RSP shall provide reports to Department regarding program activities as necessary to evidence progress of performance in accordance with the Program Reyuirements. ARTICLE VIII AUDITS AND MONITORING Section 8.1 Audits A. RSP shall submit to Department, within sixty (60) days after the end of each fiscal year, an Audit Certification Form as specified by Department for each fiscal year in which any month of the RSP's fiscal year overlaps a month of the contract period. Unless otherwise directed by Department, RSP shall arrange for the performance of an annual financial and 13 of 25 2010-0015 " 78