Minnesota HF1809 changes the date for reporting uncollectible debts to the commissioner of management and budget.

Minnesota HF1809 amends the reporting requirements for uncollectible debts. When a debt is deemed uncollectible by a state agency, it can be written off from financial records. This occurs under specific conditions, such as when all reasonable collection efforts have been exhausted or the cost of further action exceeds the recoverable amount. The state agency must report uncollectible debts as part of its quarterly reports to the commissioner of management and budget.

Minnesota HF1809 changes the date for reporting uncollectible debts to the commissioner of management and budget.

Minnesota HF1809 amends the reporting requirements for uncollectible debts. When a debt is deemed uncollectible by a state agency, it can be written off from financial records. This occurs under specific conditions, such as when all reasonable collection efforts have been exhausted or the cost of further action exceeds the recoverable amount. The state agency must report uncollectible debts as part of its quarterly reports to the commissioner of management and budget.