Payment requirements for States.

CFR · 2024-01-01 · US · Title 2

(a) (1) Subpart A of 31 CFR part 205 contains requirements for payments to States under “major programs,” as defined in that part. The Department of the Treasury negotiates Treasury-State agreements for major programs. Those agreements specify the appropriate timing and amounts of payments. They further specify a State's interest liability if it receives an advance payment too many days before it disburses the funds for program purposes, as well as the Federal Government's interest liability if it reimburses the State too many days after the State disburses the funds. Most DoD awards to States are not under major programs, so Subpart A applies relatively infrequently. (2) Subpart B of 31 CFR part 205 applies to all other DoD grants and cooperative agreements to States— (b) (2) (i) Use appendix B's wording for Section A of FMS Article II in its general terms and conditions; and (ii) In each award subject to Subpart A of 31 CFR part 205, include award-specific terms and conditions that make payments to the recipient subject to the requirements in Subpart A of 31 CFR part 205 and the applicable Treasury-State agreement, thereby overriding the wording of Section A of FMS Article II.

official document · source cfr-2024 · id 2:§ 1128.210