2015 New Mexico Statutes
Chapter 3 - Municipalities
Section 37 Municipal Finances
Section 3-37-7 Determination of uncollectable account; removal from accounts receivable.
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.
History: 1953 Comp., 14-36-7, enacted by Laws 1965, ch. 19, 1.
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