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repairs subject to the availability of funding according to the provisions of Paragraph Ili below. J. The local unit of government shall provide any permit or license to the State which it might require for the Fishing Pier. K. The local unit of government shall tape necessary action no earlier than October +1 5th to protect the Fishing Pier from damage caused by ice action. Additionally, if necessary, the local Unit of government shall return the Fishing Pier to its original location, Exhibit"B", no later than May 1 st. FUNDING The State shall provide the Fishing Pier structure in accordance with the Plan. The cost of the Fishing Pier structure shall be borne by the State, except for 1 x000.00 (one thousand,dollars) committed by the local unit of government as a local match for the pier. The obligation of the State for the cost of repairs and structural improvements beyond the initial construction cost is limited to the amount of funds legislatively appropriated and administratively allocated to this project. IV. LIABILITY Each party agrees that it will be responsible for its own acts and the resu Its th ereo tot the extent authorized by the law and shall not be responsible for the acts of the other party and the results thereof. The Mate's liability shall be governed by the provisions of the ®Minnesota Tort claims Act, Minnesota Statutes Section 3.736 (1996), and other applicable law. The local unit of government's liability shall be governed by Minnesota Statutes Sections 466.01-466,15} and other applicable law. V. TERM This Agreement shall be effective on the date that it is encumbered by the Minnesota Commissioner of Finance and shall remain in effect for twenty ( 0)years except as otherwise provided herein or agreed to in writing by the parties. The term of this Agreement may be extended as appropriate and agreed to in writing by both parties. V1. AUDIT The boobs, records: documents, and accounting procedures and practices of the local unit of government relevant to this Agreement are subject to examination by the Commissioner of Natural Resources and the State Auditor.