DATE: June 6, 2000

REAFFIRMED: April 22, 2022


SUBJECT: Efficiency, Effectiveness, and Equity in the Transfer of Federal Funds

  1. DELEGATION. By the authority granted to the Fiscal Assistant Secretary, this Directive delegates to the Commissioner, Bureau of the Fiscal Service, the authority to perform any duty or function of the Secretary prescribed or required pursuant to 31 U.S.C. 3335 and 6503, including:
    1. the issuing of regulations which are binding on executive agencies and govern the timely disbursement of Federal funds; and
    2. entering into agreements with States concerning transfers of Federal funds to the States.
  2. REDELEGATION. The Commissioner, Bureau of the Fiscal Service, may redelegate this authority in writing, and it may be exercised in the individual capacity and under the individual title of each official receiving such authority, except that regulations must have the approval of the Commissioner.
  3. REGULATIONS. The issuance of any regulations pursuant to this Directive shall be in accordance with Treasury Directives governing preparation, review and clearance of regulations.
    1. The Cash Management Improvement Act of 1990, Public Law 101-453, 104 Stat. 1058, as amended, codified at 31 U.S.C. 3335, 6501, and 6503.
    2. TO 101-05, "Reporting Relationships and Supervision of Officials, Offices and Bureaus, Delegation of Certain Authority, and Order of Succession in the Department of the Treasury."
  5. CANCELLATION. Treasury Directive 16-25, "Efficiency, Effectiveness, and Equity in the Transfer of Federal Funds", dated May 15, 1995, is superseded.
  6. OFFICE OF PRIMARY INTEREST. Office of the Commissioner, Bureau of the Fiscal Service


Donald V. Hammond
Fiscal Assistant Secretary