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Cash Management Improvement Act Agreement - Department of

Cash Management Improvement Act Agreement - Department of 2025

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The Cash Management Improvement Act Agreement between the State of Vermont and the U.S. Department of the Treasury outlines the implementation of cash management practices as mandated by the Cash Management Improvement Act of 1990. It designates authorized officials, establishes authority under federal law, and details provisions for duration, amendments, and termination. The agreement specifies major federal assistance programs covered, funding techniques for requesting federal funds, and methodologies for calculating interest liabilities related to fund transfers. It emphasizes compliance with federal regulations and includes provisions for non-compliance.

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