Q: What must states do to comply with the Treasury's new regulations on cash flow?

A: States comply with the regulations primarily by signing a Treasury-state agreement. The agreement stipulates how a state receives federal funds and how it tracks and reports interest liability for those funds to the financial management service of the Treasury. The agreement also specifies which federal programs will be included and their funding technique.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.