147-86.20. Definitions. The following definitions apply in this Article: (1) Account receivable. – An asset of the State reflecting a debt that is owed to the State and has not been received by the State agency servicing the debt. The term includes claims, damages, fees, fines, forfeitures, loans, overpayments, taxes, and tuition as well as […]
147-86.21. State agencies to collect accounts receivable in accordance with statewide policies. A State agency to which an account receivable is owed is responsible for collecting the account receivable. In fulfilling this responsibility, a State agency shall establish internal policies and procedures for the management and collection of accounts receivable and shall submit its internal […]
147-86.22. Statewide accounts receivable program. (a) Program. – The State Controller shall implement a statewide accounts receivable program. As part of this program, the State Controller shall do all of the following: (1) Monitor the State’s accounts receivable collection efforts. (2) Coordinate information, systems, and procedures between State agencies to maximize the collection of past-due […]
147-86.23. Interest and penalties. A State agency shall charge interest at the rate established pursuant to G.S. 105-241.21 on a past-due account receivable from the date the account receivable was due until it is paid. A State agency shall add to a past-due account receivable a late payment penalty of no more than ten percent […]
147-86.24. Debtor information and skip tracing. A State agency shall collect from clients and debtors minimum identifying information as prescribed by the State Controller. A State agency shall use all available debtor information to skip trace debtors as prescribed by the State Controller. The State Controller shall establish procedures to give the State Controller access […]
147-86.25. Setoff debt collection. The State Controller shall implement a statewide setoff debt collection program to provide for collection of the following accounts receivable by setoff against payments the State owes to debtors, other than payments of tax refunds and payroll: (1) Accounts receivable submitted to the Department of Revenue by a claimant agency under […]
147-86.26. Reporting requirements. A State agency shall provide the State Controller a complete report of the agency’s accounts receivable at least quarterly or more frequently as required by the State Controller. The State Controller shall use the information provided by a State agency and any additional information available to compile a summary report of the […]
147-86.27. Rules. A State agency may adopt rules to implement this Article. (1993, c. 512, s. 1.)
