KRS 393A.530: Allowance of claim for property.

(1) Not later than thirty (30) days after a claim is allowed under KRS 393A.520(2), the

administrator shall pay or deliver to the owner the property or pay to the owner the

net proceeds of a sale of the property. On request of the owner, the administrator

may sell or liquidate a security and pay the net proceeds to the owner, even if the

security had been held by the administrator for less than three (3) years or the

administrator has not complied with the notice requirements under KRS 393A.410.

(2) Property held under this chapter by the administrator shall be subject to a claim for

the payment of an enforceable debt the owner owes in this state for:

(a) Child-support arrearages, including child -support collection costs and child -

support arrearages that are combined with maintenance;

(b) A civil or criminal fine or penalty, court costs, a surcharge, or restitution

imposed by a final order of an administrative agency or a final court

judgment; or

(c) State or local taxes, penalties, and interest that have been de termined to be

delinquent or as to which notice has been recorded with the county sheriff or

local taking authority.

(3) Before delivery or payment to an owner under subsection (1) of this section of

property or payment to the owner of net proceeds of a sa le of the property, the

administrator first shall apply the property or net proceeds to a debt under

subsection (2) of this section the administrator determines is owed by the owner.

The administrator shall pay the amount to the appropriate state or local agency and

notify the owner of the payment.

(4) The administrator may make periodic inquiries of state and local agencies in the

absence of a claim filed under KRS 393A.510 to determine whether an apparent

owner included in the unclaimed-property records of this state has enforceable debts

described in subsection (2) of this section. The administrator first shall apply the

property or net proceeds of a sale of property held by the administrator to a debt

under subsection (2) of this section of an apparent o wner which appears in the

records of the administrator and deliver the amount to the appropriate state or local

agency. The administrator shall notify the apparent owner of the payment.