KRS 45.345: Authorization of electronic payment methods for deposit in State Treasury -

- Provider fees -- Cash rounding.

(1) (a) In addition to any payment method authorized by law, and notwithstanding

any statute to the contrary, any state agency may acc ept the following

methods of payment to secure funds for deposit into the State Treasury:

1. Credit card;

2. Debit card;

3. Electronic check;

4. Automated clearinghouse (ACH) debit; or

5. Any other electronic payment method upon the prior written approval of

both the Finance and Administration Cabinet and the Office of the State

Treasurer.

(b) Any fees charged to a state agency by the provider of the payment services

listed in paragraph (a) of this subsection shall be deemed to represent

collection expenses and may be considered normal operating expenses of the

agency, or the agency may collect convenience fees from users to supplement

agency costs of delivering services.

(2) (a) In satisfaction of debts owed to the Commonwealth:

1. Rounding cash transactions to the nearest five cent ($0.05) increment

shall occur:

a. When pennies are not available to complete resolution of a

transaction; and

b. On settlement of the final bill of sale, invoice, or fee after all

individual items, duties , fees, taxes, and charges are calculated to

the exact cent; and

2. Noncash transactions shall continue to be settled to the cent without

rounding.

(b) As used in this subsection, "the nearest five cent ($0.05) increment" means:

1. Amounts ending in one c ent ($0.01) and two cents ($0.02) are rounded

down to the nearest ten cents ($0.10);

2. Amounts ending in three cents ($0.03) and four cents ($0.04) are

rounded up to the nearest five cents ($0.05);

3. Amounts ending in six cents ($0.06) and seven cents ($ 0.07) are

rounded down to the nearest five cents ($0.05);

4. Amounts ending in eight cents ($0.08) and nine cents ($0.09) are

rounded up to the nearest ten cents ($0.10); and

5. Amounts ending in zero cents ($0.00) and five cents ($0.05) remain

unchanged.

(c) Notwithstanding any other statute to the contrary, any person selling goods or

services shall not be in violation of any requirements, laws, administrative

regulations, or standards of this state or political subdivision of this state

based on any action taken in compliance with this section.