This section provides important information concerning those “major” federal assistance programs subject to Subpart A (interest calculations) of the Treasury-State Agreement (TSA) that governs the State’s cash management of Federal funds.
Federal Funds – Major Program Threshold
The Cash Management Improvement Act of 1990 (CMIA) was enacted to ensure efficiency, effectiveness and equity in the exchange of funds between the states and the federal government, for most federal assistance programs. CMIA regulations (31 CFR Part 205) require the State annually to amend its TSA, including updating the list of major federal assistance programs subject to CMIA.
Each year, the federal government recalculates the CMIA major program threshold, which determines which programs are considered “major” and therefore subject to CMIA interest calculations. New York State’s current CMIA threshold is published by the U.S. Department of the Treasury as part of its TSA resources. Agencies must refer to Treasury’s CMIA/TSA website for the most up‑to‑date threshold and related federal guidance:
While all Federal funding is subject to the cash management principles embodied in CMIA, programs with annual State disbursements exceeding the federally published threshold will also be subject to CMIA interest calculations. Prior to the start of each State Fiscal Year, DOB will notify affected agencies of any changes in CMIA program coverage.
30-Day Notices
The State is required to notify the Federal Government within 30 days of becoming aware of any changes to Federal programs that may need to be reflected in the TSA. Agency CMIA liaisons must immediately notify CMIA staff in DOB and OSC of any such change, or potential change. Examples include:
- Changes to a program’s funding technique
- Changes in check clearance patterns
- Addition of a program to the TSA because disbursements exceeded the CMIA threshold
The State is legally bound by the terms of the TSA until amended by mutual consent of Federal and State CMIA officials. If an agency CMIA liaison believes an action may conflict with TSA requirements, the liaison must first consult DOB and OSC. DOB and OSC, often with input from the State’s CMIA consultant, will determine whether the action is permissible or requires Treasury approval and a TSA amendment. If negotiations with Treasury are needed, the agency liaison will be fully involved and may represent the State as the program subject‑matter expert.
Questions
[email protected] (OSC) or Anthony Pagano (DOB) at 518-474-2937 or [email protected].
Guide to Financial Operations
REV. 04/15/2026