Standards Applied. The State will use the following method to calculate State interest liabilities on Federal funds: (a) The State will use the actual activity method to calculate State interest liabilities. With Federal-State matching programs, interest will be calculated on the Federal share of the disbursement. (b) To determine the total time Federal funds are held, the State will separately measure two time periods: (1) Federal funds deposit in State account to warrants issuance, and (2) warrants issuance to redemption.
Appears in 9 contracts
Samples: Cash Management Improvement Act Agreement, Cash Management Improvement Act Agreement, Cash Management Improvement Act Agreement
