AG 2002 01 28 (Regular) - Laserfiche WebLink

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I I I I .¢ Addendum A Memorandum of Understanding and Agreement NC Local Government Debt Setoff Clearinghouse Program This agreement is entered into this ' day of , 2001 by and between the ("CLAIMANT AGENCY") and the North 'Carolina LeagUe of · Municipahties and the North Carolina Association of County Commissioners acting as the North Carolina Local Government Debt Setoff Clearinghouse ("CLEARINGHOUSE") REcrr, us WHEREAS, the Setoff Debt Collection Act, ("ACT"), Article 1 of Chapter 105A of the North Carolina General Statutes, authorized the North Carolina Department of Revenue ("DEPARTMENT"), and claimant agencies to cooperate in identifying debtors who owe money to the State or to local government and who qualify for State income tax refunds; and established procedures for setting off against any refund the sum of any debt owed to the State or'local government; and WHEREAS, pursuant to NCGS 105A-3, CLF. ARINGHOUSE has registered with DEPARTMENT to submit delinquent debts on behalf of a local agency and has. thereby become authorized to submit delinquent debts on behalf of a local agency under the ACT; and WHEREAS, CLAIMANT AGENCY is a local agency authorized to submit a debt owed' to it pursuant to the ACT; and WHEREAS, CLAIMANT AGENCY desires to enter into this agreement with CI.EARINGHOUSE in order to participate under the Setoff Debt Collection Act to increase the collection rate of delinquent debts owed to CLAIMANT AGENCY; and WI4EREAS, CLEARINGHOUSE has agreed to submit delinquent debts on behalf of CLAIMANT AGENCY. NOW THEREFORE, in Consideration of the mutual covenants and agreements, terms and conditions contained herein, CLAIMANT AGENCY and CI-EARINGHOUSE mutually agree as follows: L TERMfrE~ATION This memorandum of understanding and agreement shall remain and continue in full force and effect from year to year unless modifit~d or terminated, in writing by either party upon 90 days written notice to the other party. Upon termination of this agreement all sums due and owing from either party to the other shall remain a lav~ful obligation of the party and be due and payable. CLEARINGHOUSE will erase all claimant'data files from its debt setoff system upon termination.