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SPECIAL TERMS AND CONDITIONS INTERAGENCY GRANT AGREEMENT FEDERAL FUNDS 14. TNSURAN9E All self-insured risk management programs or self-insured/liability pool financial reports must comply with GenerallyAccepted Accounting Principles (GAAP) and adhere to accounting standards promulgated by: i.Govemmental Accounting Standards Board (GASB), ii.Flnancial Accounting Standards Board (FASB), and iii.The Washington Siate Auditor's annual instructions for financial reporting. Grantees participating in joint dsk pools shall maintain sufficient documentation to support the aggregate claim liability information reported on the balance sheet. The State of Washington, its agents, and employees need not be named as additional insured under a self-insured property/liability pool, if the pool is prohibited from naming third parties as additional insured. Unemplovment and lndustrial lnsurance. The Grantee shall be in full compliance with all state unemployment and industrial insurance laws while performing work under this Contract. Commerce will not be responsible for payment of industrial insurance premiums or for any other claim or benefit for the Grantee, or any subcontractor or employee of the Grantee, which might arise under the industrial insurance laws during performance of this Conlract. Protection of Project Prooertv. Grantee's Assumotion of Risk. The Grantee shall continuously maintain adequate protection of all the project work from damage and shall protect the property from injury or loss arising in connection with this Contract. The entire work of the Grantee shall be at the sole risk of the Grantee. The Grantee may elect to secure fire, extended coverage, and vandalism insurance or all-risk insurance to cover the project work during the course of construction. The Grantee shall take all necessary precautions for the safety of its employees working on the project, and shall comply with all applicable provisions of federal, state, and local safety laws and building codes to prevent accidents or injuries to persons, on, about, or adjacent to the premises where the work ls being perforrned. 15. LAWS The Grantee shall comply with all applicable laws, ordinances, codes, regulations, and policies of local, slate, and federal governments, as now or hereafter amended, including, r Housing and Community Development Act of 1974.. CDBG regulalions in 24 CFR Part 570.. 2 CFR 200. 16. qERFORMANCE REPORTTNG The Grantee, at such times and in such forms as COMMERCE may require, shallfurnish periodic progress and performance reports pertaining to the activities undertaken pursuant to this Contracl, These reports may include environmental review records, publication affidavits, procurement and contracting reclrds, documentation of compliance with federal civil rights requirements, job creation records, program income reports, reports of the costs and obligations incurred in connection therewith, lhe final closeout report, and any other matters covered by this Grant. Activities funded by this Grant providing income- qualified direct assistance or direct services under the limited clientele, housing, or job creation CDBG National Objectives, must submit quarterly beneficiary reports as furnished by COMMERCE. Failure to submit these reporls may result in COMMERCE withholding payment or terminating this Contract. 17. PROGRAM tMlOME Program income, as defined in 24 CFR 570.489(e), retains federal identity and will be used before drawing additional CDBG funds to complete activilies included in the Scope of Work and Budget. The Grantee must maintain records of program income received and expended, and annually report program income received after closeout of this Grant. Program lncome shall be used to continue the same activities to benefit low- and moderate-income persons or, with COMMERCE approval, for other activities to benefit low- and moderate-income persons. lnterest earned in excess of $100 on CDBG funds received to reimburse incurred costs musl be remitted to COMMERCE for return to the U.S. Treasury. State of Washington Departmenl of Commerce Version 072019 Page 5 lnteragency Grant Agreement