KRS 393A.730: Interest and penalty for failure to act in timely manner.

(1) A holder that fails to report, pay, or deliver property within the time prescribed by

this chapter shall pay to the administrator interest at the tax interest rate determined

under KRS 131.183 on the property or value of the property from the date the

property should have been reported, paid, or delivered to the administrator until the

date reported, paid, or delivered.

(2) Except as otherwise provided in KRS 393A.740 or 393A.750, the administrator

may require a holder that fails to report, pay, or deliver property within the time

prescribed by this chapter to pay to the administrator, in addition to interest

included under subsection (1) of this section, a civil penalty of two hundred dollars

($200) for each day the duty is not performed, up to a cumulative maximum amount

of five thousand dollars ($5,000).