Kentucky Statutes 341.301 – Penalty for payment with nonnegotiable instrument
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(1) If any check tendered to the cabinet in payment of any contribution or penalty due under this chapter or as restitution for the overpayment of benefits is not paid when presented to the drawee bank for payment, there shall be paid as a penalty by the party who tendered the check, upon notice and demand of the cabinet, an amount equal to ten percent (10%) of such check. The penalty under this section shall not be less than ten dollars ($10) or more than one hundred dollars ($100).
(2) If the party who tendered the check demonstrates to the cabinet’s satisfaction that failure to pay the check resulted from error by other parties, then the cabinet shall waive the penalty.
(3) Penalties collected under this section shall be credited to the unemployment compensation administration fund.
Effective: July 15, 1986
History: Created 1986 Ky. Acts ch. 26, sec. 9, effective July 15, 1986.
(2) If the party who tendered the check demonstrates to the cabinet’s satisfaction that failure to pay the check resulted from error by other parties, then the cabinet shall waive the penalty.
Terms Used In Kentucky Statutes 341.301
- Benefits: means the money payments payable to a worker under this chapter and under any previous unemployment compensation law of this state with respect to his unemployment. See Kentucky Statutes 341.020
- Cabinet: means the Education and Labor Cabinet. See Kentucky Statutes 341.005
- Fund: means the unemployment insurance fund established by KRS §. See Kentucky Statutes 341.020
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
(3) Penalties collected under this section shall be credited to the unemployment compensation administration fund.
Effective: July 15, 1986
History: Created 1986 Ky. Acts ch. 26, sec. 9, effective July 15, 1986.