WATER POLLUTION CONTROL LOAN PROGRAM (WPCLP) ENGINEERING PROVISIONS Sample Clauses

WATER POLLUTION CONTROL LOAN PROGRAM (WPCLP) ENGINEERING PROVISIONS. 14.1 Audit and Access to Records Clause (1) Books, records, documents and other evidence directly pertinent to performance of WPCLP loan work under this agreement shall be maintained in accordance with generally accepted Accounting Principles. The Agency or any of its authorized representatives shall have access to the books, records, documents and other evidence for the purpose of inspection, audit and copying. Facilities shall be provided for access and inspection. (2) Audits conducted pursuant to this provision shall be in accordance with auditing standards generally accepted in the United States of America. (3) All information and reports resulting from access to records pursuant to the above shall be disclosed to the Agency. The auditing agency shall afford the engineer an opportunity for an audit exit conference and an opportunity to comment on the pertinent portions of the draft audit report. (4) The final audit report shall include the written comments, if any, of the audited parties. (5) Records shall be maintained and made available during performance of project services under this agreement and for three years after the final loan closing. In addition, those records that relate to any dispute pursuant to the loan Rules Section 365.650 (Disputes) or litigation or the settlement of claims arising out of project performance or costs or items to which an audit exception has been taken, shall be maintained and made available for three years after the resolution of the appeal, litigation, claim or exception.
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