Rules and Procedures for Efficient Federal-State Funds Transfers
other · Fiscal Service · Rule · Published 2002-05-10 · 67 FR 31880
Document
Document number
02-11540
Federal Register citation
67 FR 31880
CFR reference
31 CFR 205
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Fiscal Service
Publication date
2002-05-10
Abstract
On October 12, 2000, the Financial Management Service issued a Notice of Proposed Rulemaking proposing revisions to the regulations implementing the Cash Management Improvement Act of 1990, as amended (CMIA). These regulations govern the transfer of funds between the Federal government and States for certain Federal assistance programs. This final rule finalizes the proposed rule, with changes, and addresses issues raised by comments received in response to the Notice of Proposed Rulemaking. The purpose of this final rule is to update the current regulations and address various concerns raised since the initial issuance of the regulations. This rule is intended to improve the efficiency of Federal-State funds transfers.