2006 Kentucky Revised Statutes - .140   Sheriff is tax collector -- Collections to begin on delivery of tax bills -- Investment of tax revenues until time of distribution -- Disposition of investment earnings.

134.140 Sheriff is tax collector -- Collections to begin on delivery of tax bills -- Investment of tax revenues until time of distribution -- Disposition of investment earnings. (1) The sheriff, by virtue of his office, shall be collector of all state, county, consolidated local government, and district taxes, unless the payment thereof is, by law, especially directed to be made to some other officer. Where provision is not otherwise made for the collection of taxes, the assessment or proportion thereof allocable to a local taxing district shall be certified to the clerk of the court of the county or the clerk of the consolidated local government which constitutes or in which such taxing district is located, for collection as provided by law. (2) The sheriff shall not receive or receipt for any taxes until the tax bills have been delivered to him by the county clerk, as provided in KRS 133.220 and 133.230. (3) (a)  The sheriff, except in urban-county governments, may, and at the direction of the fiscal court or a consolidated local government shall, invest any tax revenues held in his possession from the time of collection until the time of distribution to the proper taxing authorities pursuant to KRS 134.300, 134.320, and 160.510. Investments by the sheriff shall be restricted to those permitted by KRS 66.480. (b)  At the time of his monthly distribution of taxes to the district board of education, the sheriff shall pay to the board of education that part of his investment earnings for the month which is attributable to the investment of school taxes, but this subsection shall not be construed to prohibit the sheriff from obtaining his expenses not to exceed the rate of four percent (4%) of the earned monthly investment income for the administration of this investment fund. (c)  In those counties where the sheriff pays his fees and commissions to the county and the salaries and expenses of his office are paid by the county, the sheriff shall pay to the county treasurer the investment earnings, other than those paid to the board of education in compliance with paragraph (b) of this subsection, at the time of his monthly distribution of taxes to the county. (d)  In those counties where the office of sheriff is funded in whole or in part by fees and commissions, the sheriff may use investment earnings, other than those which must be paid to the board of education in compliance with paragraph (b) of this subsection, to pay lawful expenses of his office, and the remainder shall be paid to the fiscal court or a consolidated local government at the time of the sheriff's annual settlement for county, consolidated local government, and district taxes and excess fees. Effective: July 15, 2002 History: Amended 2002 Ky. Acts ch. 346, sec. 170, effective July 15, 2002. -- Amended 1982 Ky. Acts ch. 57, sec. 2, March 9, 1982. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4067, 4114h-2, 4129.