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ARTICLE VM - ASSIGNMENT <br />No assignment or transfer of this CONTRACT or any part hereof, rights hereunder, or interest herein by <br />GRANTEE shall be valid unless and until it is approved in writing by the DEPARTMENT and made <br />subject to such reasonable terms and conditions as the DEPARTMENT may impose. <br />ARTICLE IX - SUCCESSORS AND ASSIGNS OBLIGATED <br />This CONTRACT and all of its provisions shall apply to and bind the successors and assigns of the parties <br />hereto. <br />ARTICLE X - INSPECTION OF BOOKS RECORDS AND REPORTS <br />During regular office hours, each of the parties or their duly authorized representatives shall have the right <br />to inspect and make copies of any books, records, or reports of the other party pertaining to this <br />CONTRACT or matters related hereto. Both parties shall maintain and make available for such inspection <br />accurate records of all of its costs, disbursements, and receipts with respect to its activities under this <br />CONTRACT. <br />ARTICLE XI - SUBJECT TO AUDIT <br />All contracts entered into by the GRANTEE involving an expenditure of GRANT funds shall contain a <br />provision which indicates that the contracting parties shall be subject to the examination and audit of the <br />California Auditor General for a period of THREE (3) years after final payment under this CONTRACT. <br />8 <br />