Section 1-55-1 - DefinitionsTerms used in this chapter mean:
(1) "Account receivable cycle," the period of time during which the center may attempt to collect on a debt before the center determines the debt is uncollectible and returns the remaining balance of the debt to the referring entity;(2) "Center," the obligation recovery center;(3) "Debt," a legal obligation to pay money, including any principal, any interest that has accrued or will accrue until the debt is paid, any penalties, any costs, and any other charges permitted by law. The term also includes any obligation of any kind referred to the center for collection by any agency of the state, the Unified Judicial System, the Board of Regents, a technical college supported by the state under § 13-39A-42, or a constitutional office;(4) "Debtor," a person who is indebted to the state or a state agency for any delinquent accounts, charges, fees, loans, taxes, or other indebtedness due the state, or any person that owes any obligation being collected by the center;(5) "Bad debt," any debt due an agency of the state, the Board of Regent's system, any technical college supported by the state under § 13-39A-42, or a constitutional office that is no longer subject to an administrative appeal or judicial review following an administrative appeal, or any costs, fines, fees, or restitution ordered in any adult criminal proceeding through the Unified Judicial System no longer subject to direct appeal under § 23A-32-2;(6) "Final notification," the notification provided by § 1-55-7; and(7) "Referring entity," the entity referring the debt to the state obligation recovery center for collection.SL 2015, ch 14, § 2; SL 2019, ch 13, §1; SL 2020, ch 61, § 32; SL 2024, ch 14, §1.Amended by S.L. 2024, ch. 14,s. 1, eff. 7/1/2024.Amended by S.L. 2020, ch. 61,s. 32, eff. 7/1/2020.Amended by S.L. 2019, ch. 13,s. 1, eff. 7/1/2019.Added by S.L. 2015, ch. 14,s. 2, eff. 7/1/2015.