3-37-7. Determination of uncollectable account; removal from
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/nm/chapter-3-municipalities/article-37-municipal-finances/3-37-7·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
accounts receivable.
If the finance officer of a municipality states:
A. the manner in which a utility account or any unsecured account has been incurred;
B. the efforts made to collect the utility account or unsecured account and to locate the debtor;
C. that the utility account or unsecured account has been uncollectable for a period of more than four years; and
D. that in his opinion the utility account or unsecured account is uncollectable, the governing body of a municipality may, by resolution, remove the uncollectable utility account or unsecured account from the list of accounts receivable of the municipality.
History: 1953 Comp., § 14-36-7, enacted by Laws 1965, ch. 19, § 1.