Problematic Expense Guide - A to Z

• Forgiveness of Debt owed to the University – The forgiveness of a debt owed to the University is prohibited.
  
  
  • Examples
    • Debt owed by students for tuition and fees
    • Customer debt owed to the University as Accounts Receivable balances through the ordinary course of business.  
      
      
  • The Reason this is Unallowable – With the University existing as a public entity and a component of the State of New Mexico government, every dollar owed to the University is a dollar owed to the New Mexico Taxpayers. University employees do not have the authority to forgive a debt owed to the taxpayers.  Forgiveness of such debt likely constitutes a violation of the New Mexico Anti-Donation Law.