Utah Code 63A-3-506. Allocation of funds
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(1) Except as provided in Subsection (2) , the money collected by the office less the office’s fees shall be allocated on a prorated basis to the various revenue types that generated the accounts receivable.
Terms Used In Utah Code 63A-3-506
- Accounts receivable: includes :(1)(b)(i) unpaid fees, licenses, taxes, loans, overpayments, fines, forfeitures, surcharges, costs, contracts, interest, penalties, third-party claims, sale of goods, sale of services, claims, and damages;(1)(b)(ii) a civil accounts receivable; and(1)(b)(iii) a civil judgment of restitution. See Utah Code 63A-3-501
- Office: means the Office of State Debt Collection created in Section 63A-3-502. See Utah Code 63A-3-501
- Past due: means any accounts receivable that the state has not received by the payment due date. See Utah Code 63A-3-501
(2) Notwithstanding the requirements of Subsection(1) :(2)(a) federal cost allocation requirements for specific accounts receivable related to programs that are supported by federal funds take precedence over other cost allocation methods provided in this section; and(2)(b) the office shall use interest and fees collected on past due accounts receivable as provided in Section63A-3-505 .