Common use of Damage to State Property Clause in Contracts

Damage to State Property. [Reserved.] 14. Section 8.1(B), Record Maintenance and Retention, is revised and restated as follows: Grantee shall maintain and retain legible copies of this Contract and all records relating to the performance of the Contract including supporting fiscal documents adequate to ensure that claims for contract funds are in accordance with applicable State of Texas requirements. These records shall be maintained and retained by Grantee for a minimum of: (i) 7 years after the Contract expiration date; (ii) 3 years after the completion of all audit, claim, litigation, or dispute matters involving the Contract are resolved; or (iii) as otherwise required under Texas law, whichever term is longer. 15. Section 8.3(A), Response/Compliance with Audit of Inspection Findings, is revised and restated as follows: ith all corrections necessary to address any finding of noncompliance with any law, regulation, audit requirement, or generally accepted accounting principle, or any other deficiency identified in any audit, review, inspection or investigation of the Grant Agreement and the services and Deliverables provided. Any such correction 16. Section 8.5, Confidentiality, is deleted in its entirety and replaced with the following:

Damage to State Property. [Reserved.] 14. Section 8.1(B), Record Maintenance and Retention, is revised and restated as follows: Grantee shall maintain and retain legible copies of this Contract and all records relating to the performance of the Contract including supporting fiscal documents adequate to ensure that claims for contract funds are in accordance with applicable State of Texas requirements. These records shall be maintained and retained by Grantee for a minimum of: (i) 7 years after the Contract expiration date; (ii) 3 years after the completion of all audit, claim, litigation, or dispute matters involving the Contract are resolved; or (iii) as otherwise required under Texas law, whichever term is longer. 15. Section 8.3(A), Response/Compliance with Audit of Inspection Findings, is revised and restated as follows: ith all corrections necessary to address any finding of noncompliance with any law, regulation, audit requirement, or generally accepted accounting principle, or any other deficiency identified in any audit, review, inspection or investigation of the Grant Agreement and the services and Deliverables provided. Any such correctioncorrection will be a 16. Section 8.5, Confidentiality, is deleted in its entirety and replaced with the following: