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Office of the Chief Financial Officer. 1. Review of the IPAC Process. . IPAC is a Treasury Internet based system in which agencies can push or pull funds from one another.Most of the time, the vendor agency will pull money from a customer agency. However, some agencies do initiate (push) payments.Descriptive and accounting information should be included on each IPAC transaction in order for the receiving agency to identify the charge or payment. Agencies access the IPAC system periodically 1140

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