Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Bad Debt Designation topic
No spam. Unsubscribe anytime.
Board designates $3.45 million as uncollectible bad debt for Industrial Relations
Summary
The Board of Examiners approved a request from the Department of Business and Industry, Division of Industrial Relations, to designate $3,445,721.43 as bad debt, with the division's administrator saying the Controller's office handles collections and currently holds a four-year contract for that work.
The State Board of Examiners voted May 12 to designate $3,445,721.43 as uncollectible bad debt for the Department of Business and Industry’s Division of Industrial Relations.
Victoria Gadyan, the division’s administrator, told the board the Controller’s office administers collection of these debts and that the Controller completed a request for proposals last year and currently operates under a four-year collections contract. "So, there is not a vendor that we have that does this function for our agency," Gadyan said, noting the Controller manages the work. She added that the Controller’s office did an RFP the prior year and maintains a four-year contract for collections.
Board members asked an informational question about vendor status; Gadyan confirmed the Controller’s contract is in place and the recommendation before the board is to formally designate the specified amount as uncollectible under NRS 232.605. The board approved the designation by voice vote.
What happens next: the designation formally records the amounts as bad debt per statute; the transcript does not record additional steps or a separate recovery plan tied to the designation.
