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Cash Management Improvement Act (CMIA)

Penny B. Williams
Indirect Cost Coordinator
Voice: (804) 225-3804
Email: or
Fax: (804) 225-4250

General Information

Title 31 U.S.C (the Cash Management Improvement Act of 1990) imposes on the states a responsibility to develop and negotiate agreements governing the flow of cash from the U.S. Treasury to the Commonwealth. Careful analysis and monitoring of this program is critical due to the interest penalty that accrues for the time that a state agency holds federal cash.

Forms and Instructions