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15 <br /> The BORROWER is responsible for any audit exceptions incurred by its own organization. The BOARD <br /> reserves the right to recover from the BORROWER all disallowed costs resulting from the audit. <br /> BORROWERS expending $500,000 or more in any fiscal year in federal funds from all sources,direct and <br /> indirect,are required to have an audit conducted in accordance with Office of Management and Budget <br /> (OMB)Revised Circular A-133 "Audits of Institutions of Higher Education and Other Non-Profit <br /> Institutions." The audit may be due nine months after the end of the fiscal year in which $500,000 or more in <br /> federal funds were expended. BORROWERS are advised to consult with private counsel to determine the <br /> rules appropriate to them. <br /> BORROWERS expending less than $500,000 or more in any fiscal year in federal funds from all sources, <br /> indirect and direct,may have audits conducted by the Office of State Auditor(OSA)on the normal cycle used <br /> by OSA. <br /> 4.27 Project Signs <br /> If the BORROWER displays, during the period covered by this agreement, any signs or markers identifying <br /> those entities participating financially in the approved project, the sign or marker must identify the Washington <br /> State Public Works Board Drinking Water State Revolving Fund, and the Washington State Department of <br /> Health,as participants in the project. <br /> 4.28 Utilization of Minority and Women Business Enterprises(MWBE) <br /> As mandated by the U.S. Environmental Protection Agency, The BORROWER is required to follow the steps <br /> identified in ATTACHMENT IV: SMALL AND DISADVANTAGED BUSINESS UTILIZATION <br /> REQUIREMENTS. The BORROWER is required to furnish the BOARD with such periodic reports as it may <br /> request pertaining to the utilization of disadvantaged businesses. The goals for the utilization of disadvantaged <br /> businesses are stated below. <br /> Construction 10%MBE 6%WBE <br /> Supplies 10%MBE. 6%WBE <br /> Equipment 10%MBE 6%WBE <br /> Purchased Services 10%MBE 6%WBE <br /> 4.29 Utilization of Small Business In Rural Areas(SBRA) <br /> The BORROWER is required to follow the steps identified in ATTACHMENT IV: SMALL AND <br /> DISADVANTAGED BUSINESS UTILIZATION REQUIREMENTS. The "Fair Share"percentage for SBRAs <br /> is 0.5%. <br /> 4.30 Nondiscrimination Provision <br /> The BORROWER shall comply with all federal and state nondiscrimination laws, including, but not limited to <br /> Chapter 49.60 RCW, Washington's Law Against Discrimination, and 42 U.S.C. 12101 et seq, the Americans <br /> with Disabilities Act(ADA)in connection with this Agreement. <br /> In the event of the BORROWER'S noncompliance or refusal to comply with any applicable nondiscrimination <br /> law, regulation, or policy, this contract may be rescinded, canceled, or terminated in whole or in part, and the <br /> 83 Page 9 <br /> SRF Loan Agreement <br /> Municipal Systems <br />