Chargeoff of uncollectible accounts.

The commissioner may charge off as uncollectible and no longer an asset of the unemployment compensation fund or the administrative contingency fund, as the case may be, any delinquent contributions, interest, penalties, credits, or benefit overpayments if the commissioner is satisfied that there are no cost-effective means of collecting the contributions, interest, penalties, credits, or benefit overpayments.[ 1989 c 78 s 1; 1979 ex.s. c 190 s 16; 1955 c 286 s 8. Prior: 1947 c 215 s 21, part; 1945 c 35 s 107, part; Rem. Supp. 1947 s 9998-245, part.]