Louisiana Revised Statutes 39:88.2 – Collection policy and procedure
Terms Used In Louisiana Revised Statutes 39:88.2
- Agency: means any state office, department, board, commission, institution, division, officer or other person, or functional group, heretofore existing or hereafter created, that is authorized to exercise, or that does exercise, any functions of the government of the state in the executive branch, but not any governing body or officer of any local government or subdivision of the state, or any parochial officer who exercises functions coterminous with the municipality in which he performs those functions. See Louisiana Revised Statutes 39:2
- collection: as used in this Subpart shall include the sale or securitization of long-term delinquent accounts receivable and all other obligations subject to the provisions of this Subpart. See Louisiana Revised Statutes 39:88.3
A. The commissioner of administration shall prescribe and cause to be implemented a comprehensive collection policy and procedure to be used in all state agencies.
B. The commissioner shall direct the Cash Management Review Board as defined in La. Rev. Stat. 39:371 et seq. to prepare a collection policy and procedure manual establishing the state’s accounts receivable collection policies and procedures.
C. The policy and procedures manual shall include rules and regulations to assist state agencies in the identification and collection of delinquent accounts. Such rules and regulations shall enhance each agency‘s ability to manage the collection process, collection follow-up procedures, and uncollectible accounts. The policy and procedure manual shall also provide a uniform method for reporting accounts receivable balances.
D. The collection policy and procedure manual shall be promulgated in accordance with the Administrative Procedure Act.
Acts 2001, No. 904, §1, eff. June 26, 2001.