45.454 Penalty for late payment.
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/ky/chapter-45/45-454A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An interest penalty of one percent (1%) of any amount approved and unpaid shall be added to the amount approved for each month or fraction thereof after the thirty
(30)working days which followed receipt of the goods or services or vendor's invoice by a purchasing agency.