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under the National Flood Insurance Program is obtained and maintained as a condition of <br /> financial assistance for acquisition or construction purposes (including rehabilitation). <br /> C. Lead-Based Paint <br /> The Subrecipient agrees that any construction or rehabilitation of residential structures with <br /> assistance provided under this contract shall be subject to HUD Lead-Based Paint <br /> Regulations at 24 CFR 570.608, and 24 CFR Part 35. Such regulations pertain to all HUD- <br /> assisted housing and require that all owners, prospective owners, and tenants of properties <br /> constructed prior to 1978 be properly notified that such properties may include lead-based <br /> paint. Such notification shall point out the hazards of lead-based paint and explain the <br /> symptoms, treatment and precautions that should be taken when dealing with lead-based <br /> paint poisoning and the advisability and availability of blood lead level screening for children <br /> under seven. The notice should also point out that if lead-based paint is found on the <br /> property, abatement measures may be undertaken. <br /> D. Historic Preservation <br /> The Subrecipient agrees to comply with the Historic Preservation requirements set forth in the <br /> National Historic Preservation Act of 1966, as amended (16 U.S.C. 470) and the procedures <br /> set forth in 36 CFR, Part 800, Advisory Council on Historic Preservation Procedures for <br /> Protection of Historic Properties, insofar as they apply to the performance of this Agreement. <br /> In general, this requires concurrence from the State Historic Preservation Officer for all <br /> rehabilitation and demolition of historic properties that are fifty years old or older or that are <br /> included on a Federal, state, or local historic property list. <br /> VI. Notice to Proceed <br /> No work on the program shall occur prior to the notice to proceed without written approval <br /> from the City. The City shall furnish the Subrecipient with written notice to proceed upon <br /> release of funds from HUD related to the project pursuant to 24 CFR Part 58. <br /> VII. General Budget Provisions <br /> The Subrecipient agrees to the following provisions in satisfying the terms and conditions of <br /> this Agreement: <br /> A. Payment and Disbursements. Disbursements by the City from this contract/grant award <br /> shall be on a reimbursement basis covering actual expenditures by the Subrecipient or <br /> obligation of the Subrecipient currently due and owing, but not paid. Disbursements <br /> shall be limited to allowable costs and so shall be made upon the occurrence of both of <br />