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Exhibit B - 6 <br />2. Indirect Costs: If indirect costs are charged, the Subrecipient will develop an indirect cost <br />allocation plan for determining the appropriate Subrecipient's share of administrative costs and <br />shall submit such plan to the City for approval, in a form specified by the City. <br /> <br />3. Payment Procedures and Timing: The City will pay to the Subrecipient funds available under this <br />Agreement based upon information submitted by the Subrecipient and consistent with any <br />approved budget and City policy concerning payments. With the exception of certain advances, <br />payments will be made for eligible expenses actually incurred by the Subrecipient, and not to <br />exceed actual cash requirements. Payments will be adjusted by the City in accordance with <br />advance fund and program income balances available in Subrecipient accounts. The Subrecipient <br />agrees to submit payment request at least quarterly. In addition, the City reserves the right to <br />liquidate funds available under this Agreement for costs incurred by the City on behalf of the <br />Subrecipient. <br />D. Procurement <br />1. Compliance: The Subrecipient shall comply with current City policy concerning the purchase of <br />equipment and shall maintain inventory records of all non-expendable personal property as <br />defined by such policy as may be procured with funds provided herein. All program assets <br />(unexpended program income, property, equipment, etc.) shall revert to the City upon <br />termination of this Agreement. <br /> <br />2. OMB Standards: Unless specified otherwise within this agreement, the Subrecipient shall <br />procure all materials, property, or services in accordance with the requirements of <br />2 CFR 200 Uniform Administrative Requirements. <br /> <br />3. Travel: The Subrecipient shall obtain written approval from the City for any travel outside the <br />Seattle/Everett area with funds provided under this Agreement. <br /> <br />4. Build America, Buy America (BABA): The Grantee must comply with the requirements of the Build <br />America, Buy America (BABA) Act, 41 USC 8301 note, and all applicable rules and notices, as may <br />Amer <br />any funds obligated by HUD on or after the applicable listed effective dates, are subject to BABA <br />requirements, unless excepted by a waiver. <br />E. Use and Reversion of Assets <br /> <br />The use and disposition of real property and equipment under this Agreement shall be in compliance <br />with the requirements of 2 CFR 200 Uniform Administrative Requirements and 24 CFR 570.502, <br />570.503, and 570.504, as applicable, which include but are not limited to the following: <br />