After the satisfactory completion of the project, the Applicant remains responsible for compliance with applicable laws and rules relating to the project and to the financial assistance documents required by the Board resolution or the bond ordinance or resolution, including but not limited to submission of an annual audit, implementation and enforcement of the approved water conservation plan and other assurances made to the Board. The Board has a continuing interest in the State's investment and therefore, the Applicant will be subject to the continuing authority of the Board and the executive administrator through final payment of the financial assistance.