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IV. REIHBURSE~EN~ OF PROJECT COSTS A. The Applicant agrees to maintain and make available at proper times to the State and to the Director accurate records of all expenditures for costs applicable to agreement, to properly billings for such costs in for~s prescribed by the State and supported by detailed data sheets vhich rill facilitate the audit of the Applicant's financial records. Complete accounting records, including original invoices, payrolls contracts, or other documents clearly showing the nature and property of all costs incurred under this agreement, shall be retained by the Applicant for a period of three years folloving project completion; except the records shall be retained beyond the three-year period if audit findings have not been resolved. Ail accounting records and supporting documents ~ill clearly show the number of the project to ~.hich they are applicable. B. The State agrees to reimburse to the Applicant all Federal funds paid to the State as reimbursement of costs incurred by the Applicant under the C. The Applicant agrees to refund to the State subsequent to audit of the project financial records any fund required to be refunded to the National D. Project costs eligible for assistance shall be determined upon the basis of the criteria set forth in the Hanual. E. Applicant agrees to reimburse the State any costs disallowed by the National Park'Service. V. pROJECT TEP~IN~TION A. The Applicant may unilaterally rescind this agreement at any time prior to the commencement of the project. After project co~encement, this agreement may be rescinded, ~odified or amended only by mutual agreement. A project shall be deemed commenced at the time the Applicant sitns this project i. Failure by the Applicant to comply with the terms of this agreement or any similar agreement may be cause for the suspension of all obligations of C. Failure by the Applicant to comply with the ter~s of this agreement shall not be case for the suspension of ell obligations of the State hereunder if, in the Judgement of the State, such failure was due to no fault of the Applicant. In such case, any amount required to setele at minimum costs any irrevocable obligations properly incurred shall be eligible for assistance under this agreement. D. The Applicant agrees that the benefit to be derived by the State and the Dnited States from the full compliance by the Applicant vith the terms of this agreement is the preservation, protection, and the net increase in the quality of public outdoor recreation facilities and resources vhich are