Virginia Code 2.2-4802: Responsibility for accounts receivable policy; reports
Current as of: 2023 | Check for updates
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The Department of Accounts shall be the primary state agency responsible for the oversight, reporting and monitoring of the Commonwealth’s accounts receivable program.
Terms Used In Virginia Code 2.2-4802
- Accounts receivable: refers to the classification of debts due the Commonwealth, including judgments, fines, costs, and penalties imposed upon conviction for criminal and traffic offenses, and as defined in the guidelines adopted by the State Comptroller. See Virginia Code 2.2-4801
- Oversight: Committee review of the activities of a Federal agency or program.
- state agency: means the same as that term is defined in § 2. See Virginia Code 1-206
The Department of Accounts shall adopt necessary policies and procedures for reporting, accounting for, and collecting the Commonwealth’s accounts receivable. The Department of Accounts is also charged with adopting regulations concerning guidelines and procedures for writing off accounts receivable.
1988, c. 544, § 2.1-728; 2001, c. 844.