Agenda - 12-11-2001-5a - Laserfiche WebLink

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DRAFT Aaawamnn Memorandum of IIndeastanding and Agreement NC Laval Government Debt Setoff Clearinghouse Program Tlda agreement is enteretl into tbis day of ,2001 by wtl betwxn Ne C'CIAIIvIANT AGBNCY") wd the NoM Carolina ]vague of Mwicipaliaea wd [M1e North Carolina Associadw of Cowty Commissioners azdng as [he North CamEna IucW Gavemme~rc Dcbt Setoff Cleeanghouee ("(:LEARINOHOUSE") RECITALS WHEREAS, the Setoff Deb[ Caaediw Act, C'ACT`9, ArtiGa 1 of Gap[m IDSA of the North CemRna OenerW 5[etnme, vrthorized the NorN CamEva Department of Revenue ('DEPARTIvfENT"). and dvimant agencies ro ceoperme in identifying debmm who awe Duey to dre Stale orto local government wd who gnaRfy for Stam income tax refwda; and established pmcWurcs far earring off against any refund the e¢m of wy deb[ owed to the 9m[e ar Imal govemmwL eM WHEREAS, pmsuvn[ ro NCGg lOSA-3, CLEARCVGHOUSE has registered wiN DEPARTMENT m submit delinquent debts w beh:df of a local agency wd has Hereby become authorized m submit delinquent debts on behalf of a IocW agency ender the ACT; and WHEREAS, CLAIMANT AGENCY is a local agency aathodmd to mbmi[ a tlebt owed to it pursuant to rise ACT; and WHEREAS, CI.AEdANI AGENCY desvee m cuter ivm tNa agreement with CLEARINGHOUSE in order m pararipam wrier IEe Sem[f Debt Collection Ac[ to mcmxse tM1e collection rate o£ delinquem debts owed m CLARvL1Nf AGENCY; vnd MffREAS, CLEARINGHOUSE hu agreed m submit delinquent debts w behalf of CLAMANT AGENCY. NOW TILP.REPORE, i¢ ce¢aidcratio¢ of the mutual covenwn and agreements, toms and covWdons cwsaived herein. CLANdANT AGENCY wtl CLEARINGHOUSE mutually agree as follows: L TERMICERl11NAIION Tlda mcmorwdum of wdcmmMing and agreemrnt shall remain and condnue in fWl fume end effect from year to year unless modified m terminated iv wddng byeither party upon 90 days written entice to Nc oMer party. Upon mrmination of this agrecmw[ all ms doe and owing from either parry m the other shall remain a lawful obligation of the party end bedue and payable. CLEARINGHOUSH will erase ell claimant dada fifes from its debt semff cysrem upon tmvinadw.