Calculation Procedure. Average Daily Balance: I = ADB x R, where I = State's total interest liability ADB = Average Daily Balance of cash in a program's account, measured from deposit to clearance R = Annualized rate equal to the average equivalent yields of 13-week Treasury bills auctioned during a State's fiscal year
Appears in 11 contracts
Samples: Management Improvement Act Agreement, fiscal.treasury.gov, www.fiscal.treasury.gov