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(a) the period during which the property is used for a purpose for which <br />Federal financial assistance is extended, or for another purpose involving the pro- <br />vision of similar services or benefits; or <br />(b) the period during which the Sponsor retains ownership or possession of the <br />property. <br />provide or such methods of administration for the program as are found <br />7. It will pr f Transportation or the official to whom he delegates specific <br />by the Secretary of 'ansp other sponsors, subgrantees, <br />authority to give reasonable guarantee that it, and other par - <br />aontractors, subcontractors, transferees, successors in interjesstt comply with all <br />ticipants of Federal cr pursaulantstosthecAct ,dthesRegulat Regulations, <br />and this assurance* <br />requirements imposed <br />B. It agrees that the United States h Act rthetRegulationsaiandlthisoassurancweith <br />regard to any matter arising under the , <br />THIS ASSURANCE is given in consideration of and foist the purpose of obtaining cors, <br />Federal financial assistance for threes, successors in interest and other par - <br />the sponsor, subcontractors, transferees, persons whose signatures appear below are <br />ticipants in the Project. The person or <br />authorized to sign this assurance on behalf of the Sponsor. <br />DATED <br />Sponsor <br />By <br />Signature of Authorized Official <br />