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for material costs 7) Original signatures of Owner and Agency Representative The Compliance Agent will receipt in the funds, formally open the escrow account for disbursement, and return a receipt for funds to the Agency. ii. When, and as requested in writing by the Agency, the Compliance Agent shall provide check disbursements to parties designated by the Agency. Written instructions shall be in the form of an Authorization for disbursement containing information regarding the amount of disbursement, the parties to be paid, and shall contain · s signatures of Agency representatlve~ authorized to request the disbursement. iii. The Compliance Agent shall identify and verify the Payment Authorlzatlo as follows: 1) Amount requested is available 2) Payee/payment is in accordance with the Control Instructions 3) Owner's and Agency representative's signatures are the same on the original escrow instructions. iv. At the request of the Agency, the Compliance Agent shall hold a materials and overhead retention fund for up to 35 days after recording of Notice of Completion or as instructed by the Agency. The Compliance Agent shall also record the Notice of Completion with the appropriate County. v. At the request of the Agency, the Compliance Agent shall also hold a wage restitution fund and will disburse as instructed by Agency. vi. The Compliance Agent shall forward to the Agency a monthly computer printout of all .p~oje~t disbursements to date and the balance remainIng in escrow. b. Audit Procedures--the procedures set forth in this subsection "b" shall apply exclusively to the Payroll Audit Compliance alternative. i. The Agency or the General Contractor shall submit to the Compliance Agent certified payroll reports within five (5) days of completion of the work week. ii. Upon receipt, the Compliance Agent will provide a formal examination and review to confirm that: