Res 2023-137R approving an Interlocal Agreement with Texas State University that: 1) provides a framework and processes under which the City and Texas State University will coordinate their transit systems and identify future Texas State University

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(e) Requesting disposition instructions from City, and if authorized to sell the equipment, using proper sales procedures to ensure the highest possible return. 7.4 Sub-Recipient shall comply with all applicable law including but not limited to FTA Circular 5010.1E, Award Management Requirements and Title 43, Texas Administrative Code §31.53 and§31.55,to protect the public investment in real property and equipment purchased in whole or in part with Federal or State Funds. 7.5 In the event project equipment is not used in the proper manner or is withdrawn from public transportation services, Sub-Recipient shall immediately notify City. Both Parties shall work together to reassign or dispose of said equipment. 7.6 All vehicles purchased under this Agreement shall comply with the Motor Vehicle Safety Standards established by the US Department of Transportation and State law. 7.7 Irrespective of coverage by insurance, unless otherwise approved in writing by City, in the event of loss or damage to project property,whether by casualty or fire,the fair market value will be the value of the property immediately before the casualty or fire. 7.8 Sub-Recipient shall notify City, in writing, immediately of theft,wreck, vandalism or other destruction of project-related facilities or equipment, which written notice shall conform with those standards specified on NTD S&S 40 and 50. 7.9 All titled assets shall list and record Sub-Recipient as the titled holder of said assents.To the extent said assets were purchased with or by the use of TDCs,the Parties understand and acknowledge that TXDOT may also be listed as a titled owner of said assets. The Parties will work together with TXDOT to the extent TXDOT may have an interest in the disposition of said assets. VIII. STANDARDS FOR FINANCIAL ADMINISTRATION AND PROGRAM INCOME 8.1 For purposes of this Agreement, Sub-Recipient agrees that its standards for financial administration will conform to the requirements of 49 C.F.R. Part 18, §18.20. Except for income from royalties and proceeds from the sale of real property or equipment, Sub- Recipient shall retain program income, if any, and apply such income to allowable capital or operating expenses. If federally funded,Program Income from royalties and proceeds from sale of real property or equipment shall be handled as specified in Federal Provisions. 8.2 Sub-Recipient shall comply with standards governing the receipt and application of program income as set forth in 49 C.F.R. §18.25, Program Income. Program income means gross income received by Sub-Recipient directly generated by a grant supported activity or earned only as a result of this Agreement. 8.3 Program income includes income from fees for services performed, form the use