31 U.S.C. § 711

31 U.S.C. § 711 establishes the authority of the U.S. Secretary of the Treasury to oversee and manage the exchange of funds between the federal government and state or local governments, particularly for certain programs involving federal grants or payments. It aims to facilitate proper financial management, ensure compliance with federal regulations, and promote efficient handling of government funds. Essentially, it provides the legal framework for how government agencies and states can transfer money, ensuring transparency and accountability in such transactions.