are, subject to the 80 percent maximum Federal grant limit, eligible for a 10 percent bonus on grants for public works projects. On average, EDA grants cover approximately 50 percent of project costs. Length and Time Phasing of Assistance: EDA grant funds are generally disbursed for costs incurred after all contracts for construction have been awarded. POST ASSISTANCE REQUIREMENTS: Reports: Standard financial and performance reports are required, and special reports for specific projects may be requested. Compliance: Applicable statutes include the Architectural Barriers Act, Civil Rights Act, Davis Bacon Act, the Water Pollution Control Act, other applicable Acts. Audits: In accordance with the provisions of OMB Circular No. A- 133, (Revised, June 24, 1997), recipients that are States, Local Governments, Non-profit Organizations (to include Hospitals), and Institutions of Higher Learning shall be subject to the audit requirements contained in the Single Audit Act Amendments of 1996 (31 U.S.C. 7501-7507). Commercial organizations shall be subject to the audit requirements as stipulated in the award document. States, local governments, and non-profit governments that expend $300,000 or more in a year in Federal awards shall have a single or program-specific audit conducted for that year. Records: All financial and programmatic records, supporting documents, statistical reports, and other records of grantees or sub grantees are
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