Statutes > Kentucky Statutes > CHAPTER 45 BUDGET AND FINANCIAL ADMINISTRATION > 45.458 Payment of interest penalty.

45.458 Payment of interest penalty.

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