Common use of MONITORING AND REPORTING REQUIREMENTS Clause in Contracts

MONITORING AND REPORTING REQUIREMENTS. 7.01 Up to and including 24 months after the final payment to the Recipient by the Authority pursuant to this Agreement, the Recipient shall, at its own expense: (a) preserve and keep proper books, accounts and records available for audit, examination, and duplication during business hours by the Authority or any person acting on the Authority’s behalf; and (b) supply promptly, on request, such data regarding expenditures incurred pursuant to this Agreement as the Authority or any person acting on the Authority’s behalf may require. 7.02 The Recipient shall provide reasonable access to its premises and records as requested by the Authority from time to time to allow the Authority or its representatives to review the materials described in Section 7.01.