other · Fiscal Service · Rule · Published 1999-05-05 · Effective 1999-05-05 · 64 FR 24242
Document
Document number
99-11193
Federal Register citation
64 FR 24242
CFR reference
31 CFR 205
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Fiscal Service
Publication date
1999-05-05
Effective date
1999-05-05
Abstract
This final rule amends regulations on rules and procedures for funds transfers which implement the Cash Management Improvement Act of 1990 (CMIA), as amended. CMIA governs the transfer of funds between the Federal Government and States under Federal assistance programs, and requires Federal agencies and States to minimize the amount of time between the transfer of Federal funds to a State and the payout of those funds by a State for program purposes. Under the regulations, the application of CMIA is limited to major Federal assistance programs. The purpose of this final rule is to revise the dollar thresholds used to define major Federal assistance program for purposes of the regulations in order to add flexibility and, thereby, make it easier for States to comply with the requirements of the regulations. This final rule does not make any substantive changes.