Treasury State Agreements

(h) Treasury state agreements must contain a language describing how a state and a federal program agency handle a request for additional state funding. This language must include, inter alia, the following provisions: all payments to States under the IGA FFR are processed by the Commonwealth Treasury and paid directly to each Public Treasury. The state funds are then responsible for the distribution of funds in their area of competence. The CMIA requires an annual Treasury State Agreement (TSA) between the Treasury Department, the Financial Management Service and the Washington State Office of Financial Management. The TSA covers federal programs that meet the funding threshold set each year and defines procedures and requirements for transferring funds.