Examples of Federal interest in a sentence
Payments received on the Due Date: A Federal interest liability should be computed from (1) the Due Date to (2) the day SSA pays out the State funds for program purposes (SSI/SSP Transfer Date).
To the extent the State payment (including the estimated cumulative balance) is greater than actual outlays, a Federal interest liability will accrue.
For construction or facility improvement contracts or subcontracts exceeding the Simplified Acquisition Threshold (2022 $250,000), the Federal awarding agency or pass-through entity may accept the bonding policy and requirements of the non-Federal entity provided that the Federal awarding agency or pass-through entity has made a determination that the Federal interest is adequately protected.
The Notice of Award for this subaward includes conditions on use of the aforementioned property and provides for a continuing Federal interest in the property.
No State and Federal interest liability will be incurred if funds are deposited in a State account on the next business day and the funds are paid out for program purposes on the same day.