30A.205 Interest on deposits.
120 words·~1 min read·
/ky/chapter-30a/30a-205A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The bank accounts of the circuit clerk authorized by KRS 30A.200 shall accrue
interest at such rate per annum upon the average daily deposit on hand at the close
of banking hours as may be agreed upon by the bank and the Chief Justice or his
designee. Interest accrued shall not be at a rate less than the interest paid on similar
accounts of the Commonwealth in that bank.
(2)Interest shall accrue to the state and be paid to the State Treasury by the circuit clerk
every six
(6)months in the same manner as other moneys due the state.
(3)For services rendered by the depositories there shall be no charges made of any
character or description.