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State Treasury Agreement

The federal government passed the Cash Management Improvement Act of 1990 to ensure greater efficiency, efficiency and fairness in the exchange of funds between the federal government and the states, territories and the District of Columbia. CMIA regulations require the calculation of interest debt owed to the federal government when the state receives federal funds in advance. Similarly, when the state faces costs for federal programs before obtaining federal funds, the CMIA allows the state to calculate the interest against the federal government. For the implementation of the CMIA, the federal government imposes rules for the transfer of funds for federal programs between the federal state and the State. (e) The provisions of the Federal Programmes Agency that require the coordination of estimates with actual expenditure may be included in an agreement between the Treasury and the State. The supporting documents must be kept by the state for three years. (f) States must include the results of the authorization type procedure in the Treasury-State agreement for programs for which the date of drawdowns is based on clearing patterns. In the case of a program for which the date of drawdowns is not based on clearance patterns, the results of the clearance-type process can be obtained in the annual report. 205.26. Supporting documents must be kept by the state for three years. As soon as the protection requirements are met, all authorized Agency or government unit staff who have access to the leaked records or information must undergo disclosure training and sign a confidentiality agreement (form 4062) before accessing your authorization. (h) Cash agreements must contain a language describing how a public program agency and a federal program agency respond to a request for additional government funding.

This language must, but is not limited to: b) federal aid programs submitted to this subsection A, in accordance with Articles 205.3 and 205.4. A state must use its latest single audit report as a basis for setting funding thresholds for major federal aid programs, unless otherwise stated in the agreement between the Department of Finance and the State. A state may use budgetary or budgetary data for a more recent period instead of single audit data, provided this is indicated in the Treasury-State agreement.

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