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Finance SIB #S2012-005-01 <br />SuRRMA — (Paris District) <br />with the United States Code, Title 42 — The Public Heafth and Welfare, Chapter 61 — <br />Uniform Relocation Assistance and Real Property Acquisition Policies For Federal and <br />Federally Assisted Programs (the "Uniform Act") and the regulations issued thereunder. <br />B. The Advance Funding Agreement govems the Project responsibilities of the Authority <br />and the Department relating to the Project. <br />C. All plans and specifications for the Project shall be in compliance with the current <br />editions of the design and construction manuals of the Department, and the Standard <br />Spec�cations for the Construction and Maintenance of Highways, Streets, and Bridges <br />(the "Standard Specifications"), as they may apply. All construetion plans shall be <br />signed and dated by a professional engineer licensed by the State. <br />D. The actions and decisions regarding the Project made by the State shall not be <br />contestable by the Authority; provided, however, the Authority has the rights provided <br />to the Authority in this Agreement. <br />E. The Authority shall provide the State and the Federal Highway Administration, or their <br />authorized representatives, with right of entry or access to all properdes or locations <br />necessary to perForm the wo�lc for the Project, inspect the work, or otherwise aid in the <br />prompt pursuit of the work. The Authority shall also provide the State, the Federal <br />Highway Administration, the Comptroller General of the United States, and the Texas <br />State Auditor's Office, or their authorized representatives, with right of access to any <br />books, documents, papers. or other records of the Authority which are pertinent to the <br />acquisition of the right-of-way, relocation of utilities, or to its finanang as described in <br />this Agreement, in order to make audits, examinations, excerpts, and transcripts, or to <br />complete the Project accounting described in Article 4 of this Agreement. <br />F. In the event all right-of-way acquisition and utility relocations for the Project have been <br />completed and paid for, as represented by the Department to the Authority, within two <br />weeks of such event the Authority shall cause the Authority's depository bank to retum <br />any unexpended portion of SIB Loan No. 1 to the Departrnent, and the State shall <br />revise and replace Exhibit D to show the revised amortization schedule and the <br />reduced principal amount of SIB Loan No. 1 outstanding. <br />Article 4. Project Accounting; Filing of Reports; Refiention of Records <br />A. The Authority shall account for all actual costs and disbursements made to the <br />Department associated with the Project using generally accepted accounting principles <br />in the United States, as promulgated by the Govemmental Accounting Standarrls <br />Board, the Financial Accounting Standards Boar�d, or pursuant to applicable federal or <br />State laws or regulations. The Authority shaA maintain its books and records in <br />accordance with generally accepted accounting principles in the United States, as <br />promulgated by the Govemmental Accounting Standards Board, the Financial <br />Accounting Standards Board, or pursuant to applicable federa! or State laws or <br />regulations, and with all other applicable federal and State requirements. The Authority <br />will make its accounting records, including billing invoices and requisitions, available at <br />reasonable times to the State for inspection during pertormance of the wo�lc on the <br />Project and upon its completion. <br />Page 6 of 12 <br />