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This document outlines the agreement between the Commonwealth of Northern Mariana Islands and the U.S. Department of the Treasury regarding the implementation of the Cash Management Improvement Act of 1990. It includes information on authorized officials, authority, duration, amendments, programs covered, funding techniques, and interest calculation methodologies that govern the management and transfer of federal funds to the State.
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What is cash management improvement act?
The Cash Management Improvement Act (CMIA) is a federal law aimed at improving the cash management practices of federal agencies and states, ensuring timely and efficient fund transfers.
Who is required to file cash management improvement act?
State governments and federal agencies that receive federal funds are typically required to file under the Cash Management Improvement Act.
How to fill out cash management improvement act?
To fill out the CMIA, entities must provide accurate financial data related to the receipt and disbursement of federal funds, following the guidelines set by the U.S. Department of the Treasury.
What is the purpose of cash management improvement act?
The purpose of the CMIA is to promote effective cash management practices and provide guidelines for the efficient transfer and use of federal funds.
What information must be reported on cash management improvement act?
Entities must report information regarding federal cash receipts and disbursements, interest earned on federal funds, and any other related financial activities according to the CMIA requirements.
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