FAM No. 2002-07 (Establishing FAM Category II.G.4. for TMC Issuances)
June 19, 2002
FINANCIAL ADMINISTRATION MEMORANDUM NO. 2002-008 (II.J.)
To: Bureau Assistant Directors, Administration
Chief Executive Officer, National Business Center
Bureau Finance Officers
Finance Officer, Financial Management Services
Director, Office of Acquisition and Property Management
From: William E. Webber /s/
Focus Leader, Asset and Debt Management
Office of Financial Management
Subject: Rules and Procedures for Efficient Federal-State Funds Transfer
Attached is a copy of the Federal Register, Volume 67, No. 91, pages 31880
through 31894, dated May 10, 2002, which contains the revised regulations (31
CFR 205) for implementing the Cash Management Improvement Act of 1990, as
amended (CMIA). These regulations govern the transfer of funds between the
Federal Government and States for certain Federal assistant programs. The
revised regulations:
• Provide greater flexibility in funding techniques;
• Ensure that Treasury-State agreements are unambiguous and auditable;
• Reflect new laws and directives, including the Single Audit Act Amendments of
1996, 31 U.S.C. chapter 75; Executive Order 12866 of September 30, 1993,
Regulatory Planning and Review; and the Debt Collection Improvement Act of 1996;
and
• Are clearer and, where possible, more concise.
The effective date of this rule is June 24, 2002. Copies of the final rule and
other relevant information pertaining to the CMIA are available on the Financial
Management Service web site at http://www.fms.treas.gov/cmia/policycmia/index.html.
Should you have any questions on this subject, please contact Michael Anthony on
(202) 208-6824.
Attachment
Prior Financial Administration
Memorandums on this Subject:
No. 91-013 (II.J.), March 14, 1991 - Active
No. 93-053 (II.J.), September 14, 1993 - Active
No. 94-038 (II.J.), June 1, 1994 - Active
No. 94-070 (II.J.), October 21, 1994 - Active
No. 95-013 (II.J.), April 4, 1995 - Active
