Page:United States Statutes at Large Volume 104 Part 2.djvu/78

 104 STAT. 1058 PUBLIC LAW 101-453—OCT. 24, 1990 Public Law 101-453 101st Congress An Act Oct. 24, 1990 [H.R. 4279] Cash Management Improvement Act of 1990. 31 USC 6501 note. 31 USC 6501 note. Regulations. To amend title 31, United States Code, to improve cash management of funds transferred between the Federal Government and the States, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the "Cash Management Improvement Act of 1990". SEC. 2. PURPOSE. The purpose of this Act is to ensure greater efficiency, effectiveness, and equity in the exchange of funds between the Federal Government and the States. SEC. 3. TECHNICAL AMENDMENTS. Section 6501 of title 31, United States Code, is amended— (1) in paragraph (2)(B) by striking "subclause (A) of this clause (2)" and inserting in lieu thereof "subparagraph (A)"; (2) in paragraph (2)(E) by striking "subclauses (A)-(D) of this clause (2)" and inserting in lieu thereof "subparagraphs (A), (B), (C), and (D)"; (3) in paragraph (4)(A) by striking "subclause (C) of this clause (4)" and inserting in lieu thereof "subparagraph (C)"; and (4) in paragraph (4)(B) by striking "subclause (C) of this clause (4)" and inserting in lieu thereof "subparagraph (C)". SEC. 4. DISBURSEMENT OBJECTIVES. (a) IN GENERAL.— Subchapter II of chapter 33 of title 31, United States Code, is amended by adding at the end thereof the following: "§ 3335. Timely disbursement of Federal funds "(a) Each head of an executive agency (other than the Tennessee Valley Authority) shall, under such regulations as the Secretary of the Treasury shall prescribe, provide for the timely disbursement of Federal funds through cash, checks, electronic funds transfer, or any other means identified by the Secretary. "(b) The Secretary may collect from any executive agency which does not comply with subsection (a) a charge in an amount the Secretary determines to be the cost to the general fund of the Treasury caused by such noncompliance. "(c) The amounts of charges collected from an executive agency under this section shall be deposited in the Treasury and credited as miscellaneous receipts. "(d) Any charge assessed by the Secretary under this section, to the maximum extent practicable— "(1) shall be paid out of appropriations available for executive agency operations; and 49-139 O - 90 (453)

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