KRS 134.552 — Disposition of penalties collected on delinquent taxes and omitted assessments -- Use for administration

(1) The twenty percent (20%) penalty established by KRS 132.290, the administrative
fee established by KRS 134.549, the fees payable to the department for collecting
delinquent taxes pursuant to KRS 134.504, and any other fees or penalties payable
to the department for collecting delinquent taxes shall be paid into the State
Treasury and credited as provided in subsection (2) of this section.
(2) One-fourth (1/4) of the moneys received pursuant to the provisions of subsection
(1) of this section shall be credited to the general fund. The remaining three -fourths
(3/4) shall be credited to a fund to be designated and known as the delinquent tax
fund, to be used for the administration and enforcement of the laws relating to the
collection of delinquent taxes and the assessment of omitted property. Salaries, fees,
and expenses authorized by the laws relating to the collection of delinquent taxes
and the assessment of omitted property, may be paid out of the delinquent tax fund
upon certifications or requisitions of the commissioner of revenue.