Standards Applied. For interest calculation the average daily balance of Federal funds in the program's account reflects balances created from the date of deposit to the date funds are paid out when procedures listed in section 6 are not applied and/or when the preissuance funding technique is applied. The State interest liability shall begin on the day Federal funds are deposited as stated in section 6.3 and the State does not pay out as stated in section 6.3.
Appears in 6 contracts
Samples: Cash Management Improvement Act Agreement, Cash Management Improvement Act Agreement, Cash Management Improvement Act Agreement
