Materiality Exemptions. Agencies exempt from coverage on the basis of materiality: None 6.4.1 An agency is not required to drawdown federal funds if the expenditures for which reimbursement is being requested are under $50,000. An agency can wait to request federal funds for their expenditures until their federal drawdown will exceed $50,000. However, agencies still have the option of requesting federal funds for amounts under $50,000.
Appears in 2 contracts
Sources: Cash Management Improvement Act Agreement, Cash Management Improvement Act Agreement