<br><br>74.190 Collection of unpaid installments -- Sale of land -- Redemption -- Settlement <br>with collecting officers -- Fees. <br>(1) Upon the first Monday after an installment is due, the commission shall meet and <br>ascertain the parties whose installments are in default and shall within sixty (60) <br>days issue warrants directing the sheriff or other collecting officer to collect the <br>installments that are in default. The collecting officer shall collect the installments, <br>with interest due on them and deferred installments, together with a penalty of six <br>percent (6%), in the same way state and county taxes are collected, and the <br>collecting officer shall settle with the commission within sixty (60) days from the <br>time the installments were certified to him. <br>(2) All lands upon which the installments have not been collected at the end of sixty <br>(60) days shall be advertised and sold by the collecting officer in the same manner <br>as in the case of state and county taxes. The sale so made shall be subject to the <br>future installments of the assessments, and at the expiration of ninety (90) days <br>from the date of the original certification of the installments to the collecting <br>officer, the collecting officer shall make final settlement with the commission and <br>pay to them all the moneys in his hands. If the collecting officer fails to make a <br>settlement, the commission may compel him to make the settlement by order <br>against him issued by the district court, after giving him five (5) days' notice in <br>writing. In case any land is not purchased at the sale, the collecting officer shall bid <br>in the land for the district and in his final settlement with the commission shall take <br>credit therefor. The collecting officer shall certify each of the sales to the county <br>clerk as required in the sale of lands for state and county taxes, and the clerk shall <br>record each sale in a book kept by him. For collecting the assessments certified to <br>him the collecting officer shall be paid by the water commission the same fees <br>allowed him for collecting state and county taxes and in the same manner. For <br>recording the certificate of sale the clerk shall be allowed and paid the same fees <br>allowed him by law for similar work in reference to state and county taxes. <br>(3) The owner of such real estate, or his representatives, heirs or assigns, shall have the <br>right to redeem the land from the sale as is provided for the redemption of lands <br>sold for state and county taxes, but only upon the same terms and conditions and <br>within the same time as allowed in such case. <br>Effective: June 17, 1978 <br>History: Amended 1978 Ky. Acts ch. 384, sec. 187, effective June 17, 1978. -- <br>Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 14, sec. 65, effective January 2, 1978. <br>-- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. <br>Stat. sec. 938g-13. <br><br>