§205.21. When may clearance patterns be used?
31 C.F.R. § 205.21
A State may develop a clearance pattern for:
An individual Federal assistance program;
A logical group of Federal assistance programs that have the same disbursement method and type of payee;
A bank account;
A specific type of payment, such as payroll or vendor payments; or
Anything that is agreed upon by us and a State. If a clearance pattern is used for multiple Federal assistance programs, a State must apply the clearance pattern separately to each Federal assistance program when scheduling funds transfers or calculating interest.
As set forth in § 205.9, a Treasury-State agreement must include the method a State uses to develop and maintain clearance patterns.
Notes, amendments, and revision history
Authority
Authority: 5 U.S.C. 301; 31 U.S.C. 321, 3332, 3335, 6501, 6503.
Source
Source: 67 FR 31885, May 10, 2002, unless otherwise noted.