(A) In the event that accounts receivable under this subchapter, as amended from time to time, are not paid within the time fixed by the town (hereafter "the Town"), the same shall be deemed delinquent. A penalty of 10% of the amount of the account receivable may be attached as delinquent fees.
(B) As used herein, the term UNCOLLECTIBLE ACCOUNT shall have the following meaning: A delinquent account receivable for which the town or has reasonably and diligently attempted collection, but in which such collection remains unsuccessful, which shall include, but not be limited to when a debtor cannot be located, the town has insufficient documentation to pursue collection efforts, the debt is discharged in bankruptcy, and the debtor has died and there is no known estate or guarantor.
(C) The town shall prepare on at least an annual basis, a schedule of uncollectible accounts. The schedule shall consist of accounts the town or has determined to be uncollectible.
(D) The town shall generate a statement setting forth the efforts that have been made to collect the account and a statement that such efforts have been unsuccessful.
(E) The town shall produce a statement of the uncollectible accounts the town believes are not economically feasible to pursue collection efforts.
(F) A schedule of uncollectible accounts shall be submitted to the Town Council for action by the Town Council to declare said accounts listed as collectible or uncollectible and may authorize the town to cease further collection procedures and expense the amounts outstanding on the accounts declared uncollectible as bad debts.
(G) The town may attempt to recover the amount of the bad debt in a civil action against the debtor.
(H) Accounts in which state and/or federal law mandates an amount is to be written off shall be written off as bad debts upon the approval of the Clerk-Treasurer of the town.
(Ord. 2016-8, passed 4-14-2016)