Refund Interest Liability. The State shall use the following amount as a threshold for tracking and calculating interest on refunds: $10,000 Interest on refunds shall be calculated from the time the funds are deposited into the State Treasury until the refund is offset against a draw of Federal funds or returned to a Federal Government account. The interest on refunds from the draw offset until warrant clearance is covered under 10.3.3. A transaction shall be defined as a single deposit to a State account.
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Samples: files.nc.gov, files.nc.gov
Refund Interest Liability. The State shall use the following amount as a threshold for tracking and calculating interest on refunds: $10,000 50,000 Interest on refunds shall be calculated from the time the funds are deposited into the State Treasury until the refund is offset against a draw of Federal funds or returned to a Federal Government account. The interest on refunds from the draw offset until warrant clearance is covered under 10.3.3. A transaction shall be defined as a single deposit to a State account.
Appears in 1 contract
Samples: files.nc.gov
Refund Interest Liability. The State shall use the following amount as a threshold for tracking and calculating interest on refunds: $10,000 Interest on refunds shall be calculated from the time the funds are deposited into the State Treasury until the refund is offset against a draw of Federal funds or returned to a Federal Government account. The interest on refunds from the draw offset until warrant clearance is covered under 10.3.3. A transaction shall be defined as a single deposit to a State account.10,000
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Samples: www.osc.nc.gov
