45.458 Payment of interest penalty.
100 words·~1 min read·
/ky/chapter-45/45-458A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.