12&13-LOW-COST WATER SYSTEM IMPROVEMENTS

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transport, storage, treatment, removal and off-site disposition of any contaminated sewage sludge, contaminated sediments and/or contaminated media that may be generated by the Issuer, its contractors, consultants, agents, officials and employees as a result of activities relating to the Project. (h) Convevance of Obli at�ns. Prior to any action by the Issuer to convey its obligations under the Certificates to another entity, if permitted by law, the conveyance and the assumption of such obligations must be approved by the Texas Water Development Board. The Issuer shall notify the Executive Administrator prior to taking any actions to alter its legal status in any manner, such a sale-transfer-merger with another retail public utility. (i) Davis-Bacon Act Com�liance. All laborers and mechanics employed by contractors and subcontractors for the Project who are paid from proceeds of the Certificates on deposit in the Construction Fund shall be paid wages at rates not less than those prevailing on projects of a similar character in the locality of the Issuer in accordance with the federal Davis-Bacon Act and the U.S. Department of Labor's implementing regulations pertaining thereto. (j) Federal Fundin� Accountabilitv and Transparencv Act. The Issuer shall provide the Texas Water Development Board with all information reyuired by the Federal Funding Accountability and Transparency Act of 2006, Pub. L. 109-282. (k) DUNS and CCR. The Issuer shall obtain a Data Information Numbering System (DUNS) Number and shall register with the Central Contractor Registration (CCR), and maintain current registration at all times during which the Certifcates are outstanding. (1) Timel�Expenditures. All proceeds of the Certificates will be timely and expeditiously used, as required by applicable federal statutes and U.S. Environmental Protection Agency regulations, and the Issuer shall adhere to a project construction schedule acceptable to the Executive Administrator that facilitates timely use of funds and project completion. (m) As-Built Plans. The Issuer shall provide to the Texas Water Development Board a full and complete set of "as-built" plans relating to the Project, promptly upon completion ofthe Project. (n) Final Accountin�. Upon completion of the Project, the Issuer shall render a final accounting of the cost of the Project to the Texas Water Development Board. If the total cost of the Project, as finally completed, is less than originally estimated, so that the proper share of the participation by the Texas Water Development Board in the Project is reduced, such surplus proceeds shall be used in accordance with Section 15 hereof. (o) Insurance. Insurance coverage be obtained and maintained by the Issuer in an amount sufficient to protect the interest of the Texas Water Development Board in the Project. Section 18. ALLOCATION OF CERTIFICATE PROCEEDS. The Issuer covenants to account for the expenditure of sale proceeds and investment earnings to be used for the construction 24