Cash Management Improvement Act of 1990

Cash Management Improvement Act of 1990 by United States. Congress. House. Committee on Government Operations. Download PDF EPUB FB2

Cash Management Improvement Act. Cash Management Improvement Act (CMIA) provides the general rules and procedures for the efficient transfer of funds for federal financial assistance programs between the federal government and the states (including the District of Columbia, Puerto Rico, American Samoa, Commonwealth of the Northern Mariana Islands, Guam, and the Virgin Islands).

The Cash Management Improvement Act of (CMIA) was passed to improve the transfer of federal funds between the federal government and the states, territories, and the District of Columbia. What were the key issues. Specifically, two recurrent intergovernmental problems needed attention: States were drawing federal funds in advance of need.

H.R. (st). To amend ti United States Code, to improve cash management of funds transferred between the Federal Government and the States, and for other purposes. Ina database of bills in the U.S.

Congress. The Cash Management Improvement Act of (CMIA) provides rules and procedures for the efficient transfer of federal financial assistance between the federal agencies and the state.

The implementing regulations are in 31 CFR Part The general provisions of the Act are as follows. SHORT TITLE. This Act may be cited as the `Cash Management Improvement Act of '. SEC. PURPOSE. The purpose of this Act is to ensure greater efficiency, effectiveness, and equity in the exchange of funds between the Federal Government and the States.

SEC. Cash Management Improvement Act (CMIA) Overview This section defines how the federal Cash Management Improvement Act (CMIA) ofPublic Lawand its implementing policies, published as 31 CFR Partaffect the State and its agencies.

The rules which implement the federal Cash Management Improvement Act of are aimed atFile Size: KB. Shown Here: Passed House amended (09/24/) Cash Management Improvement Act of - Amends Federal law to require each head of an executive agency (other than the Tennessee Valley Authority) to provide for the timely disbursement of Federal funds through cash, checks, electronic funds transfer, or any other means identified by the Secretary of the Treasury.

In the Cash Management Improvement Act (CMIA) was passed by Congress and the Unites States Financial Management Service (FMS) was charged with implementing the regulations. As defined by Congress the purpose of CMIA is to ensure the efficiency, effectiveness, and equity in the transfer of funds between state and federal governments.

The Chief Financial Officers (CFO) Act of (Public Law ) marked a new era not only in Federal management and accountability, but also in efforts to gain Cash Management Improvement Accelerates availability of funds.

Improves internal controls. Provides better File Size: KB. Cash Management Handbook Revised TABLE OF CONTENTS Chapter 1 Overview Chapter 2 Cash Management General Standards Specific Standards Responsibilities of Designated Offices/Positions Penalties • The Cash Management Improvement Act of (CMIA) (P.L.

) asFile Size: KB.