Section 3-37-7 - Determination of uncollectable account; removal from accounts receivable. - New Mexico Statutes

3-37-7. Determination of uncollectable account; removal from 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.