Laserfiche WebLink
<br />000243 <br /> <br />ATTACHMENT J <br />Circular No. A-102 <br /> <br />UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS-IN-AID <br />TO STATE AND LOCAL GOVERNMENTS <br /> <br />GRANT PAYMENT REOUIREMENTS <br /> <br />1. This Attachment establishes required methods of making grant <br />payments to State and local governments that will minimize the <br />time elapsing between the disbursement by a grantee and the <br />transfer of funds from the United States Treasury to the grantee, <br />whether such disbursement occurs prior to or subsequent to the <br />transfer of funds. <br /> <br />2. Grant payments are made to grantees <br />credit, an advance by Treasury check, <br />Treasury check. The following definitions <br />of this Attachment: <br /> <br />through a letter of <br />or a reimbursement by <br />apply for th~ purpose <br /> <br />a. Letter of credit. A letter of credit is an instrument <br />certified by an authorized official of a grantor agency which <br />authorizes a grantee to draw funds when needed from the Treasury, <br />through a Federal Reserve Bank and the grantee's commercial bank, <br />in accordance with the provisions of Treasury Circular No. 1075. <br /> <br />b. Advance by Treasury <br />is a payment made by a <br />request or through the use <br />before payments are made by <br /> <br />check. An advance <br />Treasury check to <br />of predetermined <br />the grantee. <br /> <br />by Treasury check <br />a grantee upon its <br />payment schedules <br /> <br />c. Reimbursement by Treasury check. <br />Treasury check is a payment made to a <br />check upon request for reimbursement from <br /> <br />A reimbursement by <br />grantee with a Treasury <br />the grantee. <br /> <br />3. Except for construction grants for which the letter-of-credit <br />method is optional, the letter-of-credit funding method shall be <br />used by grantor agencies where all of the following conditions <br />exist: <br /> <br />a. When there is or will be a continuing relationship be- <br />tween a grantee and a Federal grantor agency for at least a 12- <br />month period and the total amount of advances to be received <br />within that period from the grantor agency is $250,000, or more, <br />as prescribed by Treasury Circular No. 1075. <br /> <br />(No. A-102) <br />