J.R. 1 JOINT RESOLUTIONS

delay of drawdown and a means of encouraging a timely exchange of funds between the
federal government and the state, demonstrated that interest could be easily calculated
without significant systems changes or increases in staff; and

WHEREAS, The process made by the Task Force demonstrates how sensitive
intergovernmental issues can be resolved when all parties approach the bargaining table
determined to cooperate and make progress; and

WHEREAS, The resolution of these issues is beneficial to the states, the federal
government, and the taxpayers in general; and

WHEREAS, Legislation introduced by Senator James Sasser during the 101st
Congress (S. 926) embodies the policies and interest exchange provisions adopted by
the Task Force; and

WHEREAS, NASACT and NASBO have confirmed their support of this
legislation; now, therefore, be it

RESOLVED BY THE GENERAL ASSEMBLY OF MARYLAND, That the U.S.
Congress and the Maryland Congressional Delegation endorse:

(1) The work of the Cash Management Reform Task Force and support the cash
management provisions contained in S. 926 as introduced in the 101st Congress; and

(2) The first Memorandum of Understanding adopted by the Task Force in
1983, and the second Memorandum of Understanding signed in 1985 as a means of
assuring equity in the exchange of funds between the federal government and the states;
and

(3) The continuation of the Task Force for the purpose of monitoring and
evaluating legislation concerning cash management initiatives, reviewing the Annual
Grant Award Pilot Test, and acting on other issues that may come before it; and be it
further

RESOLVED, That a copy of this Resolution be forwarded by the Department of
Legislative Reference to Senator James Sasser, Senate Office Building, Washington,
D.C. 20510; Representative Jack Brooks, House Office Building, Washington, D.C.
20515; the Maryland Congressional Delegation: Senators Paul S. Sarbanes and Barbara
A. Mikulski, Senate Office Building, Washington, D.C. 20510; and Representatives
Royden P. Dyson, Helen Delich Bentley, Benjamin L. Cardin, C. Thomas McMillen,
Steny H. Hoyer, Beverly B. Byron, Kweisi Mfume, and Constance A. Morella, House
Office Building, Washington, D.C. 20515; Dr. Russell D. Morris, Co-Chairman and Mr.
Edward J. Mazur, Co-Chairman of the Federal/State Task Force, Financial
Management Service, Pennsylvania Avenue and Madison Place, N.W., Washington,
D.C. 20226; and Mr. Dennis H. Parkinson, Chairman, Maryland State/Federal Cash
Management Task Force, Louis L. Goldstein Treasury Building, Annapolis, Maryland
21404.

Signed May 2, 1990.

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