Debt Collection Recovery Fund; established. (HB2037)
Introduced By
Del. Sal Iaquinto (R-Virginia Beach) with support from co-patrons Del. Clay Athey (R-Front Royal), and Del. Tom Rust (R-Herndon)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Collection of debt owed the Commonwealth. Establishes the Debt Collection Recovery Fund. The bill also provides that the Division of Debt Collection shall (i) deposit to the Fund all revenues generated by it, less any cost of recovery, from receivables collected on behalf of state agencies and (ii) transfer the remaining funds to the appropriate state agencies on a periodic basis. In addition, the bill provides that final orders of final agency case decisions may be recorded, enforced, and satisfied as orders or decrees of a circuit court upon certification of such orders by the agency head or his designee. Furthermore, each state agency and institution may charge attorney's fees and collection fees on all past due accounts receivable. Amends § 17.1-276 (“Fee allowed for providing secure remote access to land records.”), § 2.2-4023 (“Final orders.”), § 2.2-4805 (“Interest, administrative charges and penalty fees.”), § 2.2-4806 (“Utilization of certain collection techniques.”), § 2.2-518 (“Division of Debt Collection.”), § 8.01-220.2 (“Spousal liability for medical care.”), § 8.01-382 (“Verdict, judgment or decree to fix period at which interest begins; final order; judgment or decree for interest.”), of the Code of Virginia. View Full Text »
