POLICY:
Lacombe Regional Waste Services Commission will allow for pre-approved credit for the disposal fees at the Prentiss Site. Purchase orders must be provided.
GUIDELINES/PROCEDURE:
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Application for Credit
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For the purpose of applying for credit terms of purchase, an authorized officer of the business entity must complete and sign the “Application for Credit” form.
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Approval Procedure​
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Credit terms will be extended to a maximum of $5,000 under the discretion of the Lacombe County Accountant or Lacombe County Assistant Accountant.
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Credit terms may be extended to a maximum of $40,000 under the discretion of the LRWSC Manager or LRWSC Acting Manager.
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Prior to approval of the Application for Credit the following procedures must be followed:
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“Credit Application Approval Form” must be completed in its entirety.
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Three trade reference credit checks must be conducted by telephone or by fax using the “Trade Reference Form”.
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A bank credit check must be conducted.
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Written notification to the purchaser shall be supplied in a timely manner, advising of the approval or decline of their application.
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Credit Terms and Charges
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Credit terms shall be net 30 days.
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A service charge of 2% per month (24% per annum) shall be charged for any overdue balance.
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Find a copy of LRWSC Charge Account Application here: