State Interest Liabilities. 10.3.1 The State shall be liable for interest on Federal Funds from the date Federal funds are credited to a State account until the date those funds are paid out for program purposes. 10.3.2 The State shall use the following method and sources of data to calculate State interest liabilities on Federal Funds except for the WIC program, the Federal Employees Unemployment Compensation (FECA) and the Extended Unemployment Compensation programs (EUCA): 10.3.3 Measuring Time Funds are Held Deposit to Issuance; Issuance to Clearance: To determine the total time Federal money is held, the State shall separately measure two time periods: (1) the date Federal funds are credited to the date checks are issued, and (2) the date checks are issued to the date funds are debited from the State's account.
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Samples: Cash Management Improvement Agreement, Cash Management Improvement Agreement, Cash Management Improvement Agreement
State Interest Liabilities. 10.3.1 The State shall be liable for interest on Federal Funds from the date Federal funds are credited to a State account requested until the date those funds are paid out for program purposes.
10.3.2 The State shall use the following method and sources of data to calculate State interest liabilities on Federal Funds except for the WIC program, the Federal Employees Unemployment Compensation (FECA) and the Extended Unemployment Compensation programs (EUCA):
10.3.3 Measuring Time Funds are Held Deposit to Issuance; Issuance to Clearance: To determine the total time Federal money is held, the State shall separately measure two time periods: (1) the date Federal funds are credited to the date checks are issued, and (2) the date checks are issued to the date funds are debited from the State's account.
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