Seal of the Commonwealth of Massachusetts
Massachusetts Audit Explorer - what the State Auditor found

← all statutes

31 CFR 205.12 — Cash Management Improvement Act

Governs timing methods for transferring federal assistance funds to states so money is drawn close to when it is paid out. The cited cash-advance method generally limits advances to three business days before payment.

Plain-English summary, AI-generated from how this law is cited in the audits. Confirm against the official text below.

1 audit cite this authority in their findings.

Read the official text on eCFR ↗