Utah Admin. Code 21-1-3

Current through Bulletin No. 2024-21, November 1, 2024
Section R21-1-3 - Definitions
(1) "Accounts receivable" or "receivable" means the same as defined in Section 63A-3-501.
(2) "Administrative offset" means the same as defined in Section 63A-3-501.
(3) "Criminal accounts receivable" means the same as defined in Section 63A-3-501.
(4) "Delinquent" means any account receivable for which the state has not received payment in full by the payment due date.
(5) "Event" means the day that goods are purchased, services are completed, or fines, fees, and assessments are due.
(6) "FINET" means the statewide accounting system centrally administered by the Division of Finance.
(7) "OSDC" means the Office of State Debt Collection, created under Section 63A-3-502.
(8) "Payment due date" means the date by which the agency requires payment for the account receivable that an individual, corporation, partnership, or organization has incurred.
(9) "Postjudgment interest" means interest that is accrued according to the rate described in Subsection 15-1-4(3)(a).
(10) "Trust" means a receivable that is owed to a victim of a crime.
(11) "Write-off" means the same as defined in Section 63A-3-501.

Utah Admin. Code R21-1-3

Amended by Utah State Bulletin Number 2019-17, effective 8/7/2019
Amended by Utah State Bulletin Number 2021-07, effective 3/25/2021
Amended by Utah State Bulletin Number 2024-20, effective 10/10/2024