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Page -6- <br />AGREEMENT and the books, documents, records and accounting <br />procedures and practices of the GRANTEE relating to this GRANT <br />AGREEMENT. <br />5.8. Obtain at its sole expense and provide to the AUTHORITY within six <br />months after the close of its fiscal year a certified financial and <br />compliance audit prepared by an independent auditor who meets the <br />independence standards specified in the General Accounting Office's <br />yellow book, "Government Auditing Standards". GRANTEE shall submit <br />a copy of the annual financial audited statements, the management <br />compliance letter, and the GRANTEE's response to the management letter <br />to the AUTHORITY within six months of the end of the GRANTEE's <br />fiscal year. <br />5.9. Conduct the same general type of business as it presently conducts; <br />maintain its existence, and continue its compliance with all valid, <br />applicable statutes, laws, rules and regulations. <br />5.10. In order to permit AUTHORITY to monitor compliance with this GRANT <br />AGREEMENT, permit any person that the AUTHORITY designates, at <br />AUTHORITY's expense, to visit and inspect the PROPERTY, corporate <br />books and financial records and documents of GRANTEE and to discuss <br />their affairs, finances and accounts with the principal officers of <br />GRANTEE, all at such reasonable times and as often as AUTHORITY <br />may reasonably request during the term of this GRANT AGREEMENT <br />and for a period of six years after the termination of this GRANT <br />AGREEMENT. <br />5.11. In awarding contracts pursuant to this GRANT AGREEMENT, comply <br />with all applicable requirements of local and state law for awarding <br />contracts, including, but not limited to, procedures for competitive <br />bidding, contractor's bonds, and retained percentages. Where federal <br />standards differ from local or state standards, the stricter standards shall <br />apply. <br />5.12. Comply with all federal, state and local laws prohibiting discrimination on <br />the basis of age, sex, marital status, race, creed, color, national origin or <br />the presence of any sensory, mental or physical handicap, or any other <br />basis now or hereafter prohibited by law. <br />5.13. Include in all solicitations for work on the PROJECT, a statement that all <br />qualified applicants will be considered for employment. The words "Equal <br />Opportunity Employer" in advertisements shall constitute compliance with <br />this section. <br />5.14. Not discriminate, or allow any contractor, subcontractor, union or vender