Cash Management Improvement Act of 1990

Law Financial services Law

Date: 24th Oct, 1990 Source: Congress.gov Country: USA Original Source

Brief

The Cash Management Improvement Act of 1990 aims to enhance efficiency, effectiveness, and equity in fund exchanges between the US Government and States. The Act modifies title 31, United States Code, to improve cash management practices and ensures timely disbursements of Federal funds through checks, electronic transfers, or other means. It also requires States to minimize time elapsing between transfer of funds and issuance or redemption of checks or payments.

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