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µ F - r 250 STATE OF TEXAS J COUNTY OF TRAVIS J Section 1. AMENDMENT NO. 02 TEXAS COMMUNITY DEVELOPMENT PROGRAM CONTRACT NO. 00023904585 TEXAS DEPARTMENT OF COMMUNITY AFFAIRS AND CITY OF PARIS The Texas Department of Community Affairs, an agency of the State of Texas, hereinafter referred to as "Department ", and the City of Paris, hereinafter referred to as "Contractor ", do hereby contract and agree to amend their original contract, as initially executed by the Executive Director of Department effective April 15, 1985, through April 14, 1987, for the performance of rental rehabilitation activities. Section 2. The parties hereto agree to amend the contract identified in Section 1 above by deleting in its entirety Section 19, Audit, and.replacing it with the following: Section 19. AUDIT A. Unless otherwise directed by Department, Contractor shall arrange for the performance of a financial and compliance audit of funds received under this contract, subject to the following conditions and limitations: 1. Contractor shall have an audit made in accordance with the Single Audit Act of 1984, P.L: 98 -502 (hereinafter referred to as "Audit Act "), and OMB's Circular No. A -128, "Audit Requirements for State and Local Governments," 49 Fed. Reg. 50134 (Dec. 26, 1984), for any of its fiscal years in which Contractor receives more than $100,000 in Federal financial assistance. For pruposes of this Section 19, "Federal financial assistance" means assistance provided by a Federal agency in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance, or direct appropriations, but does not include direct Federal cash assistance to individuals. It includes awards received directly from Federal agencies,.or indirectly through other units of State and local governments. 2. Unless otherwise specifically authorized by Department in writing, Contractor shall submit the report of such audit to the U.S. Department of Housing and Urban Development (HUD) within thirty (30) days after the completion of the audit, but no later than one year after the end of the audit period. Audits performed under this Section 19 are subject to review and resolution by the U.S. Department of Housing and Urban Development (HUD) or its authorized representative. Resolution of PAGE 1 OF 2 o i -r =t > f EXHIBIT A