KRS 341.611: Payment of interest on advances -- Surcharge under KRS 341.614 on

contributing employers.

(1) Any interest required to be paid on advances under Title XII of the Social Security

Act shall be paid in a timely manner and shall not be paid directly or in directly, by

an equivalent reduction in unemployment contributions or otherwise, by the state

unemployment insurance fund.

(2) Such interest and the repayment of money, including any interest thereon, received

from any source related to the payment of inte rest on advances under Title XII of

the Social Security Act shall be paid by the penalty and interest account as required

by KRS 341.295.

(3) In the event there are insufficient funds in the unemployment compensation

administration fund to pay the interest on such advances under Title XII of the

Social Security Act or the repayment of money, including any interest thereon,

received from any source related to the payment of interest on such advances, all

subject contributing employers shall be assessed a sur charge as provided in KRS

341.614.