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10 chapters · 565 sections in this title.
KRS § 45.453 Time period for payment
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All bills shall be paid within thirty (30) working days of receipt of goods and services or a vendor's invoice except when the purchasing agency has transmitted a rejection notice to the vendor.
KRS § 45.454 Penalty for late payment
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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.
KRS § 45.455 Transmission of authorization for payment to Finance and Administration Cabinet
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Cabinet. A purchasing agency shall transmit authorization for payment documentation to the Finance and Administration Cabinet within ten (10) working days of receipt of goods or services or the vendor's invoice by the purchasing agency.
KRS § 45.456 Warrant for payment
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The Finance and Administration Cabinet shall transmit a warrant for payment to the State Treasurer within ten (10) working days of receipt of the authorization for payment documentation from the purchasing agency. When the Finance and Administration Cabinet is the purchasing agen…