Interest Accrued on Federal Funds Policy Number and Last Update
- Apply for payment monthly throughout the year, to cover only expenses of the next month.
- Maintain program funds in an interest-bearing account.
- Return interest earned quarterly to:
Harry Bradford, Acting Director
Division of Payment Management
P.O. Box 6021
Rockville, MD 20852
Indicate that the reimbursement is interest on Federal funds.
4. See 45 CFR Part 92.21(i).