                                 CODE OF VIRGINIA

POLICY OF THE COMMONWEALTH; COLLECTION OF ACCOUNTS RECEIVABLE (§ 2.2-4800)

This chapter establishes the policy of the Commonwealth as it relates to the
accounting for, management and collection of all accounts receivable due to the
Commonwealth. It shall be the policy of the Commonwealth that all state agencies
and institutions shall take all appropriate and cost-effective actions to
aggressively collect all accounts receivable. All state agencies and
institutions shall be subject to this chapter and shall establish internal
policies and procedures for the management and collection of accounts receivable
that are in accordance with regulations adopted by the Department of Accounts
and the Office of the Attorney General.

HISTORY: 1988, c. 544, § 2.1-727; 2001, c. 844.