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<br />Contractor shall maintain records of the receipt. accrual. <br />and disposition of all program income in the same manner as <br />required for all other funds under this contract, and Contractor <br />shall provide reports of program income to Department with each <br />form submitted by Contractor in accordance with Section 5 of this <br />contract, and at the teMlination of this contract. <br /> <br />2. Progr~m income earned by Contractor during the period of this <br />contract shall be retained by Contractor and utilized by <br />Contractor to fund performances specified in this contract, <br />in the manner specified hereunder, prior to requesting additional <br />funds from Department. <br /> <br />1. <br /> <br />3. At least sixty (60) days prior to the termination of this contract. <br />Contractor shall submit a plan to Department for its approval which <br />specifies the manner in which Contractor proposes to use any <br />unexpended program income earned under this contract to continue <br />the performance specified in this contract in the manner specified <br />hereunder. In the event Department does not approve the plan <br />submitted by Contractor. Contractor shall return such program income <br />to Department within thirty (30) working days after receipt of <br />Department's notification of disapproval. <br /> <br />SECTION 7. <br /> <br />RETENTION AND ACCESSIBILITY OF RECORDS <br /> <br />A. Contractor shall maintain fiscal records and supporting documentation for <br />all expenditures of funds made under this contract in a manner which conforms <br />to OMB Circular A-87, the Management Standards, and this contract. Contractor <br />shall comply with the retention and custodial requirements for records as set <br />forth in Attachment C of OMS Circular A-I02, as supplemented by Section 5.154 <br />of the Management Standards. <br /> <br />B. Contractor shall give the United States Department of Housing and Urban <br />Develogment. the Inspector General. the Comptroller General of the United <br />States; the Auditor of the State of Texas. and Department, or any of their <br />duly authorized representatives. access to and the right to examine all books, <br />accounts, records, reports, files. and other papers. things, or property <br />belonging to or in use by Contractor pertaining to this contract. Such rights <br />to access shall continue as long as the records are retained by Contractor. <br />Contractor agrees to maintain such records in an accessible location. <br /> <br />C, Contractor shall include the substance of this Section 7 in all <br />subcontracts, <br /> <br />SECTION 8, <br /> <br />REPORTING RE UIREMENTS <br /> <br />A. Contractor shall submit to Department such reports on the operation and <br />performance of this contract as may be required by Department including but <br />not limited to the reports specified in this Section 8. <br /> <br />Page 4 of 13 Pages <br />