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2015 Kentucky Revised Statutes
CHAPTER 45 - BUDGET AND FINANCIAL ADMINISTRATION
45.458 Payment of interest penalty.

KY Rev Stat § 45.458 (2015) What's This?

Download as PDF 45.458 Payment of interest penalty. The interest penalty imposed by KRS 45.454 shall be paid from moneys already appropriated to the operating budget of the agency whose violation of KRS 45.455, 45.456 or 45.457 caused the violation of KRS 45.453. No agency shall budget money for the purpose of paying interest penalties. If the violation of KRS 45.453 is caused by two (2) or more agencies, including the Department of the Treasury and the Finance and Administration Cabinet, the cost of the penalty shall be prorated among the agencies on the basis of the number of days that each agency violated KRS 45.451 to 45.458. Effective: January 1, 1985 History: Created 1984 Ky. Acts ch. 61, sec. 8, effective January 1, 1985.

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