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65. Internal Controls, <br />The Contractor must: <br />A. Establish and maintain effective internal control over federal funds that provides reasonable <br />assurance that the Contractor is managing federal funds in compliance with Federal statutes, <br />regulations, and the terms and conditions of the federal funding. These internal controls should be <br />in compliance with guidance in "Standards for Internal Control in the Federal Government" issued <br />by the Comptroller General of the United States or the "Internal Control Integrated Framework", <br />issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). <br />B. Comply with Federal statutes, regulations, and the terms and conditions of federal funds. <br />C. Evaluate and monitor the Contractor's compliance with statutes, regulations and the terms and <br />conditions of the federal funds. <br />D. Take prompt action when instances of noncompliance are identified including noncompliance <br />identified in audit findings. <br />E. Take reasonable measures to safeguard protected personally identifiable information and other <br />information that IHCDA or HUD designates as sensitive or the Contractor considers sensitive <br />consistent with applicable Federal, state, local, and tribal laws regarding privacy and obligations of <br />confidentiality. <br />66. Conflict of Interest Disclosure. <br />The Contractor must disclose in writing any potential conflict of interest to IHCDA. <br />67. Mandatory Disclosure. <br />The Contractor must disclose, in a timely manner, in writing to IHCDA all violations of Federal <br />criminal law involving fraud, bribery, or gratuity violations potentially affecting the Award. The <br />Contractor's failure to make these disclosures may subject to the Contractor to remedies of non- <br />compliance set forth in 2 CFR 200.338. <br />If the total value of the Contractor's currently active grants, cooperative agreements, and <br />procurement contracts from all Federal awarding agencies exceeds $10,000,000 for any period of <br />time during the period of performance of this Federal award, then the Contractor must maintain the <br />currency of information reported to the System for Award Management (SAM) that is made <br />available in the designated integrity and performance system (currently the Federal Awardee <br />Performance and Integrity Information System (FAPIIS)) about civil, criminal, or administrative <br />proceedings described in paragraph 2 of this award term and condition. This is a statutory <br />requirement under section 872 of Public Law 110-417, as amended (41 U.S.C. 2313). As required <br />by section 3010 of Public Law 111-212, all information posted in the designated integrity and <br />performance system on or after April 15, 2011, except past performance reviews required for <br />Federal procurement contracts, will be publicly available. <br />100028595-1} <br />Page 20 of 39 <br />