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changes the scope or Design of the Project or,when taking into account other change orders <br />and contracts, are reasonably expected to result in expenditures in an amount greater than <br />the Loan, (3)receiving approval from the Director of Environmental Programs prior to the <br />award of any contract for Construction and (4) receiving authorization from the Director <br />of Environmental Programs prior to initiating procurement of Construction of the Project. <br />j) In the event Construction is to be paid from Loan proceeds, before awarding <br />Construction contracts, receive approval of the Director of Environmental Programs for <br />the user charge system (including any use ordinance and interlocal agreement) associated <br />with the Project. <br />k) In the event Construction is to be paid from Loan proceeds, cause the Project <br />to be constructed in accordance with the Preliminary Engineering Report and the Plans and <br />Specifications, using approved contract papers. <br />1) Permit the Finance Authority and its agents to inspect from time to time(1)the <br />Project, (2)the Drinking Water System and(3)the books and other financial records of the <br />Drinking Water System, including the inspections described in SRF Policy Guidelines. <br />Construction contracts shall provide that the Finance Authority or its agents will have <br />access to the Project and the work related thereto and that the Participant's contractor will <br />provide proper facilities for such access and inspection. All files and records pertaining to <br />the Project shall be retained by the Participant for at least six years after Substantial <br />Completion of Construction. <br />m) Upon Substantial Completion of Construction and when requested by the <br />Finance Authority, provide audited reports to the Finance Authority to permit the Finance <br />Authority to determine that the Loan proceeds have been used in compliance with this <br />Agreement. <br />n) In the event Construction is to be paid from Loan proceeds, within one year of <br />Substantial Completion of Construction,consistent with SRF Policy Guidelines, certify to <br />the Finance Authority that the Project meets performance standards, or if not met, (1) <br />submit to the Finance Authority(or if directed by the Finance Authority,to the Department) <br />a corrective action plan and (2) promptly and diligently undertake any corrective action <br />necessary to bring the Project into compliance with such standards. <br />o) In the event Construction is to be paid from Loan proceeds, within one year of <br />Substantial Completion of Construction,provide as-built plans(if requested by the Finance <br />Authority)for the Project to the Finance Authority(or if directed by the Finance Authority, <br />to the Department). <br />Section 3.02. General Covenants. The Participant hereby covenants and agrees with the <br />Finance Authority that the Participant will: <br />a) Comply with all applicable federal, State and local statutes, rules and <br />regulations relating to Operation and Maintenance. <br />B-12