45.240 Treatment of erroneous payments recovered within 60 days of identification -- KRS 45.237 and 45.238 applicable to erroneous payments recovered after 60 days.
<br><br>45.240 Treatment of erroneous payments recovered within 60 days of identification <br>-- KRS 45.237 and 45.238 applicable to erroneous payments recovered after 60 <br>days. <br>(1) Whenever any payment from public money is made in error, or for an amount in <br>excess of the amount found to be properly due and payable, and the payment or <br>excess amount is recovered within sixty (60) days from the date the erroneous or <br>excess payment was identified, the funds shall be allocated to the fund from which <br>the improper payment was expended, the balance in the appropriation from which <br>the payment was made shall be increased by the amount recovered, and the amount <br>recovered shall be deducted from the disbursements from that appropriation. <br>(2) If the payment or excess amount which is later recovered is in the form of an <br>unnegotiated State Treasurer's check, said check shall be transmitted direct to the <br>State Treasurer who shall void it. After voiding the check, the State Treasurer shall <br>notify the appropriate agency of the action taken concerning the check. <br>(3) Whenever any payment from public money is made in error, or for an amount in <br>excess of the amount found to be properly due and payable, and the payment or <br>excess amount is recovered after sixty (60) days from the date the erroneous or <br>excess payment was identified, the provisions set forth in KRS 45.237 and 45.238 <br>shall apply, and the funds shall be allocated as provided in those sections. <br>Effective: July 13, 2004 <br>History: Amended 2004 Ky. Acts ch. 192, sec. 5, effective July 13, 2004. -- Amended <br>1964 Ky. Acts ch. 179, sec. 1. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective <br>October 1, 1942, from Ky. Stat. sec. 1992b-39. <br><br>