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DocuSign Envelope ID: 348BB866-CFC7-422D-BFB7-863533B13759 <br />"E uipment" means tangible personal property (including information technology <br />systems) having a useful life of more than one year and a per -unit acquisition cost that <br />equals or exceeds the lesser of the capitalization level established by Subrecipient for <br />financial statement purposes or $5,000, as further defined at 2 C.F.R. § 200.313. <br />"Event of Default" means the occurrence of any of the events set forth in Section 3.03, <br />herein. <br />"Federal Assurances" means Standard Form 424B (for non -construction projects) or <br />Standard Form 424D (for construction projects), as applicable, in Attachment B, <br />attached hereto and incorporated herein for all purposes. <br />"Federal Certifications" means the document titled "Certification Regarding Lobbying — <br />Compliant with Appendix A to 24 C.F.R. Part 87" and Standard Form LLL, "Disclosure <br />of Lobbying Activities," also in Attachment B, attached hereto and incorporated herein <br />for all purposes. <br />"Federal Register" means the official journal of the federal government of the United <br />States that contains government agency rules, proposed rules, and public notices, <br />including U.S. Department of Housing and Urban Development's Federal Register <br />Notice 84 Fed. Reg. 45838 (August 30, 2019) and any other publication affecting CDBG- <br />MIT funding allocations. <br />"Fiscal rear" means the period beginning September 1 and ending August 31 each year, <br />which is the annual accounting period for the State of Texas. <br />"FWCR" means Final Wage Compliance Report, a report Subrecipient will prepare at the <br />completion of each federally funded project to certify that all workers on the project have <br />been paid contract -specified prevailing wages and that any restitution owed to workers <br />has been paid. <br />"GAAP" means "generally accepted accounting principles." <br />"GASB" means accounting principles as defined by the Governmental Accounting <br />Standards Board. <br />"General Affirmations" means the affirmations in Attachment C, which Subrecipient <br />certifies by signing this Contract. <br />"GLO" means the Texas General Land Office and its officers, employees, and designees, <br />acting in their official capacities. <br />"GLO Implementation Manual" means the manual created by the GLO for subrecipients <br />of CDBG-MIT grant allocations to provide guidance and training on the policies and <br />procedures required so that subrecipients can effectively implement CDBG-MIT <br />programs and timely spend grant funds. <br />"Grant Completion Report" or "GCR" means a report containing an as -built accounting <br />of all Activities completed under the Project and all information required for final <br />acceptance of Deliverables and Contract closeout. <br />"Grant Manager" means the authorized representative of the GLO responsible for the <br />day-to-day management of the Project and the direction of staff and independent <br />contractors in the performance of work relating thereto. <br />GLO Contract No. 22-119-004-D374 <br />Page 5 of 29 <br />