Description of Funding Techniques. 6.2.1 The following are terms under which standard funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. Average Clearance The State shall request funds such that they are deposited by ACH on the dollar-weighted average day of clearance for the disbursement, in accordance with the clearance pattern specified in Exhibit II. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be for the exact amount of that disbursement. This funding technique is interest neutral. 6.2.2 The following are terms under which funding techniques for administrative costs shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are no funding techniques listed in Section 6.2.2 6.2.3 The following are terms under which miscellaneous funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are no funding techniques listed in Section 6.2.3 6.2.4 The following are terms under which State unique funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. Modified Issuance - Federal Highway Program The state shall request funds monthly for vendor payments based on the current month expenses. Therefore, after program review and approval by FHWA Honolulu Regional Office it is then submitted to FHWA Headquarters for final approval. State will issue vendor payments within 3 business days of funds deposited in account. Timing of payment aligned with FHWA review and approval. Requested amount based on current month expenses. This funding technique is not interest neutral. Reimbursement Schedule - Federal Highway Program Administrative costs including salaries will be requested monthly by the State using the amount of funds disbursed the previous month. State does not bill on a weekly basis so a Federal interest liability will not accrue prior to the State submitting a request for funds. Request will be made in accordance with time stipulated above. Amounted request based on administrative cost incurred during the period. This funding technique is not interest neutral.
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Samples: Cash Management Improvement Act Agreement, Cash Management Improvement Act Agreement, Cash Management Improvement Act Agreement
Description of Funding Techniques. 6.2.1 The following are terms under which standard funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. Funding Technique Name Description Average Clearance The State shall request funds such that they are deposited by ACH on the dollar-dollar- weighted average day of clearance for the disbursement, in accordance with the clearance pattern specified in Exhibit II. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be for the exact amount of that disbursement. This funding technique is interest neutral.
6.2.2 The following are terms under which funding techniques for administrative costs shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are currently no funding techniques listed in Section 6.2.2.
6.2.3 The following are terms under which miscellaneous funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are currently no funding techniques listed in Section 6.2.3.
6.2.4 The following are terms under which State unique funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. Funding Technique Name Description Modified Issuance - Federal Highway Program The state shall request funds monthly for vendor payments based on the current month expenses. Therefore, after program review and approval by FHWA Honolulu Regional Office it is then submitted to FHWA Headquarters for final approval. State will issue vendor payments within 3 business days of funds deposited in account. Timing of payment aligned with FHWA review and approval. Requested amount based on current month expenses. This funding technique is not interest neutral. Reimbursement Schedule - Federal Highway Program Administrative costs including salaries will be requested monthly by the State using the amount of funds disbursed the previous month. State does not bill on a weekly basis so a Federal interest liability will not accrue prior to the State submitting a request for funds. Request will be made in accordance with time stipulated above. Amounted request based on administrative cost incurred during the period. This funding technique is not interest neutral.
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Description of Funding Techniques. 6.2.1 The following are terms under which standard funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. Funding Technique Name Description Average Clearance The State shall request funds such that they are deposited by ACH on the dollar-dollar- weighted average day of clearance for the disbursement, in accordance with the clearance pattern specified in Exhibit II. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be for the exact amount of that disbursement. This funding technique is interest neutral.
6.2.2 The following are terms under which funding techniques for administrative costs shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are currently no funding techniques listed in Section 6.2.2.
6.2.3 The following are terms under which miscellaneous funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are currently no funding techniques listed in Section 6.2.3.
6.2.4 The following are terms under which State unique funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. Funding Technique Name Description Modified Issuance - Federal Highway Program The state shall request funds monthly periodically for vendor payments based on the current month expensesinvoice submission. Therefore, after program review and approval by FHWA Honolulu Regional Office it is then submitted to FHWA Headquarters for final approval. State will issue vendor payments within 3 business days of funds deposited in account. Timing of payment aligned with FHWA review and approval. Requested amount based on current month expensesinvoice submission. This funding technique is not interest neutral. Reimbursement Schedule - Federal Highway Program Administrative costs including salaries will be requested monthly by the State using the amount of funds disbursed the previous month. State does not bill on a weekly basis so a Federal interest liability will not accrue prior to the State submitting a request for funds. Request will be made in accordance with time stipulated above. Amounted request based on administrative cost incurred during the period. This funding technique is not interest neutral.
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