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• for Audit of Governmental Organizations, Programs, Activities and Functions" (February 27, 1981), and make these records available to the Commission, the EPA Inspector General, or their authorized representatives; (d) To undertake the Project on its own responsibility and release and hold harmless the Commission and the Authority, and their officers, members, directors and employees, from any claim arising in connection with the design, construction, or operation of the Project or any other aspect of the wastewater facilities of the Issuer, including any matter due solely to their own negligence; (e) To comply with all terms and conditions of any construction contracts, architectural or engineering agreements, and other agreements affecting the Project, the premises of the wastewater facilities of the Issuer, and its operations and to require its construction contractor to furnish both a performance bond and payment bond in the full amount of the construction contract for the Project; (f) To become familiar with and comply with all federal and state laws pertaining to equal employment opportunities ensuring that all engineers and contractors for the Project do not discriminate against any person on the basis of race, color, religion, sex, age, national origin,or handicap; (g) To provide complete (unaudited) financial statements and budget •. - information for the System to the Commission, within 30 days of a written request from the Commission, for any year(s)during which this Agreement is in effect; and (h) To maintain and operate the System in a sound and economical manner and in accordance with standards as may be required or prescribed by federal, state, or local regulatory agencies. 11. The Commission has received an award of an ARRA capitalization grant (the "Grant") from the Environmental Protection Agency ("EPA"), and the Bond will be funded with proceeds of the Grant. The Commission and the Authority hereby agree to forgive the principal of the Bond to the extent of each Disbursement made under Section 7 hereof. Such forgiveness of principal shall occur simultaneously with each Disbursement without affirmative action by the Commission or the Authority. The Commission and the Authority agree to provide, at the request of the Issuer, any additional evidence to the Issuer's accountants that principal of the Bond has been forgiven hereunder and, after all Disbursements are made, to return the Bond to the Issuer for cancellation. Notwithstanding any other provision of this Agreement, the Commission and the Authority further agree that since no principal will be outstanding under the Bond, no Financing Fee will be due. By accepting the forgiveness of the principal of the Bond, the Issuer is a sub-recipient of the Grant. As a sub-recipient, the Issuer shall be responsible for complying with the specific requirements of ARRA and the conditions of the Grant. If the Issuer fails to satisfy any ARRA requirements or Grant conditions, the Issuer may be required to refund the Disbursements. The Grant requirements are set forth on Exhibit D attached hereto. The Issuer agrees to meet the requirements of the Grant unless waived by the • Commission and EPA. 6