WASHINGTON - The U.S. Treasury recently said it will study, but not necessarily change, new regulations governing the $150 billion annual flow of federal funds to states that a state accountants group says will cause hardship.

The National Association of State Auditors, Comptrollers, and Treasurers recently said the new regulations "will work undue hardship on the states," primarily because they eliminate the routine use of reimbursable funding, a practice under which states first pay for federally funded programs and then bill the federal government for the cost.

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