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��14��134 at reasonab�e interva�s� but n�t�ess than a.nx�.ually, and a�propriate action sha11 be tak�n with respect to any differences. (d� Make the baoks,records and accounts�f Borrower available for inspe�ti�n l�y HUD or its authori2ed representativ�s, after reasonah�e prior not�ce,during norma� business hours, at the Project or oth�r mutually agreeable��cati�n ar,at H�JD's re�u�st, sha�l pra��de�egible cvpi�s of such d�cuments to HL]D or�ts authori��d representatives�vithin a reasonable tim�after HC�I7�or its au�h�ri2ed representat�ve mak�s a request for suGh dacumer�ts. �e} Include as a requirernent in any op�rating or management contract that the L�ooks,recards, a,nd ac�ounts of any agent of Borrower,as�hey pertain to the�perations of the Project, shall be kept in accordanGe with the requirements of th�s Sect�an 19 and be a�ailab�e for e�aminativn by HUD or its autharized repre�entati��s after�reasonab�e prior notice during customary business h�urs�t the Pr�j e�t a�r other mu�ually agreeab�e location or, at HL�D's re�u�st,the Managemer�t Agent shal�provid�Iegible copi�s of su�h documents to HLTI] �r its �uthori�ed representa�ives within a reasonable time after HilI]ar its auth�rized representati�e makes the request. �U. ANNUAL FINAN�IAL REP�RTS. �a} For s� �ong a�any por�i�n or por�ions�f this Sectian�D axe no�e�pressly wai�ed or m�difi�d i�writing by HUI�,within ninety(9��days, ar such�onger period established in vv�riting by HUD, following the end af each f s�ca� �ear, Borrower shall furnish HUD and Lender wi�h a c�mplete annu�.l f�nancia�repor�of all af Bnrr�wer's financial activities for the immediately preced�ng fisc�.l y�ar,or for such other period as appro�ed by HUD in writing,prepar�d in accardan�e with�enerally Accepted Ac�ountxng Princip�es (GAA.P�. For purposes of this S�ction��,where Borrnwer is also �]perator, and without limi��ng the requirements far�perator's subm�ssion of finar�cial repor�s to HUIJ�under the Uperator's Regula�ory A�reem�nt, finar��ial activities af B�rraw�r and th�Project�ha11 in�lude all af the acti�ities of hoth Borrower and �]perator. To th�extent a.t��records�r other informatian of the Prvject is held by�perator,or any managernent agent ar Affiliate, Borravv�r�ha11 cause su�h entxty t�pravide such information to Borrower, Lender,a.nd HUD, ar�d every contract re�ated to the�roject with�]perat��r, or any maraag�ment agent ar Affiliate, shall include the pr��ision that such informatio�sha�l be pro�ided on demand. All ax�nual financ�al reports furnished to HUD required herein shal�be furni shed in accordance with��4 C.F.R. 5.S�1 and a�ther Program ��li�ation�,anc� sha�i include a cer�ificat�on in�ontent and form prescribed by HLJD and certif ed by�orrower. �b� In addition, except as other-vvise pravided in this Secti�n�D, annual f nancial reports sha�l.b� audited in accardan�e with G�neraily Accepted Auditing Standards ��AAS�and�overnment Auditin� Sta.ndards (�`rAS}, and c�rtified by a�ertified pub�ic a�cauntant licens�d or Gertified by a regulata�ry authority of a sta�e�r other pa�itical subdivision af th�United Sta��s,which autharity makes such eertif ed pub�ic accountant sul�j ect to regulati�ns, dis�i�linary measures, o�r ca�des of ethics pres�ribed by�aW. Such c�r�ified publi� accountant mus�have x�o business relationship �vith Borrawer o�her than for the pro�ision of tax consu�ting and returxi preparation and auditing ser�ices. Pre�ivus v�rsions vbsolete Page 15 0��8 form HUD�924�fi-�R�F�Re�.�3113}