KRS 341.300: Interest on unpaid contributions -- Collection of contributions,

interest, or penalties.

(1) Contributions unpaid on the date on which they are due and payable, as

prescribed by the secretary, shall be subject to interest at the rate of one and

five-tenths percent (1.5%) per month or fraction thereof, not to exceed ninety

percent (90%) of the amount of such contributions, from and after such date

until payment is received by the Office of Unemployment Insurance irrespective

of whether such delinquency has been reduced to a judgment or not as

provided in subsection (2) of this section or is the subject of an administrative

appeal or court action. The interest charged for a month, in which the unpaid

contributions remain unpaid, shall be considered accrued and therefore due

and owing on the first day after the last day of the month in which the balance

is due. Such interest shall be paid into the unemployment compensation

administration fund.

(2) If, after due notice, any subject employer defaults in any payment of

contributions, interest or penalties thereon, the amount due shall be collected

by a civil action instituted in the Franklin Circuit Court or the Franklin District

Court depending upon the jurisdictional amount in controversy including

interest and penalties in the name of the state, and the subject employer

adjudged in default shall pay the costs of the action. Civil actions brought under

this section shall be heard by the court, without the intervention of a jury, at the

earliest possible date, and shall be entitled to preference upon the calendar of

the court over all other civil actions except petitions for judicial review under

this chapter and cases arising under the workers' compensation law.

(3) At or after the commencement of an action under subsection (2) of this section,

attachment may be had against the property of the liable subject employer for

such contributions, interest, and penalties, without the execution of a bond, or

after judgment has been entered an execution may be issued against the

property of such employer without the execution of a bond.

(4) An action for the recovery of contributions, interest, or penalties under this

section shall be barred and any lien therefor shall be canceled and

extinguished unless collected or suit for collection has been filed within ten (10)

years from the due date of such contributions, except, in the case of the filing

of a false or fraudulent report, the contributions due shall not be barred and

may at any time be collected by the methods set out in this chapter, including

action in a court of competent jurisdiction.