Congress enacted the Cash Management Improvement Act of 1990 (CMIA) to ensure efficiency, effectiveness, and equity in the exchange of funds between the Federal Government and states.  More information on this Federal statute can be found in the following links:

https://fiscal.treasury.gov/cmia/

https://www.govinfo.gov/content/pkg/CFR-2018-title31-vol2/xml/CFR-2018-title31-vol2-part205.xml

Guide to Financial Operations

REV. 01/24/2023