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Current as of January 01, 2024 | Updated by FindLaw Staff
(1) In addition to any payment method authorized by law, and notwithstanding any statute to the contrary, any state agency may accept the following methods of payment to secure funds for deposit into the State Treasury:
(a) Credit card;
(b) Debit card;
(c) Electronic check;
(d) Automated clearinghouse (ACH) debit; or
(e) Any other electronic payment method upon the prior written approval of both the Finance and Administration Cabinet and the Office of the State Treasurer.
(2) Any fees charged to a state agency by the provider of the payment services listed in subsection (1) of this section shall be deemed to represent collection expenses and may be considered normal operating expenses of the agency, or the agency may collect convenience fees from users to supplement agency costs of delivering services.
Cite this article: FindLaw.com - Kentucky Revised Statutes Title VI. Financial Administration § 45.345.Authorization of electronic payment methods for deposit in State Treasury; provider fees - last updated January 01, 2024 | https://codes.findlaw.com/ky/title-vi-financial-administration/ky-rev-st-sect-45-345/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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