31 CFR §205.7
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
- (a)We or a State may amend a Treasury-State agreement at any time if both we and the State agree in writing.
- (b)The effective date of an amendment shall be the date both parties agree to the amendment in writing unless otherwise agreed to by both parties.
- (c)We and a State must amend a Treasury-State agreement as needed to change or clarify its language when the terms of the existing agreement are either no longer correct or no longer applicable. A State must notify us in writing within 30 days of the time the State becomes aware of a change, describing the Federal assistance program change. The notification must include a proposed amendment for our review and a current list of all programs included in the Treasury-State agreement. Amendments may address, but are not limited to:
- (d)Additions or deletions to the list of Federal assistance programs subject to this subpart A take effect when a Treasury-State agreement is amended, unless otherwise agreed to by the parties.
- (e)Federal assistance programs that are to be added to a Treasury-State agreement are not subject to this subpart A until the Treasury-State agreement is amended, except when a Federal assistance program subject to this subpart A is being replaced by a Federal assistance program governed by subpart B of this part, in which case the replacement program is immediately subject to this subpart A.
- (f)Notwithstanding any other provision of this section, if no changes to the Treasury-State agreement are required, States must notify us annually.