When the District receives a check from a student or parent that, when deposited, is returned marked "insufficient funds", the Treasurer/CFO shall provide an opportunity for the payor to make proper payment or to arrange for a satisfactory payment schedule. The Board of Education authorizes the Treasurer/CFO to remove the fee or charge from the District's Accounts Receivable and to take appropriate action against the student and/or the parents. Overdue payments may be referred to a collection agency or for recovery in an appropriate court.