{"data":{"id":"us-ky/krs-184.200","jurisdiction":"us-ky","citation":"KRS 184.200","heading":"Penalty in case of installment default -- Acceleration -- Enforcement of","body":"lien.\nIf any person liable for any part of said assessment defaults in the payment of any\ninstallment thereof or interest thereon for one (1) month after payment becomes due, a\npenalty of ten percent (10%) of the installment in arrears shall be added thereto, which\nshall constitute a like lien as the assessment, and thereafter all unpaid installments of the\nassessment against such person shall, at the option of the district, or of  any holder of an\napportionment warrant or bond secured thereby, forthwith become due and payable. It\nshall be the duty of the district, for the use and benefit of the owner or owners of such\nbonds or apportionment warrants, to institute, in its own name a nd at its own cost, proper\nproceedings for the enforcement of such lien, except that the costs of the action, including\nattorneys' fees, shall be added to the amount of the delinquent assessment and shall be\nfirst payable out of the moneys received through  enforcement of the district's lien. If the\ndistrict fails to institute such proceedings for thirty (30) days after notice of such default,\nany owner of a bond or apportionment warrant secured by such lien may, in his own name\nand on his own behalf and on the behalf of other owners of such bonds or apportionment\nwarrants, institute and prosecute such proceedings in any court of competent jurisdiction.","path":["KRS Chapter 184"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=5900","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:36Z","sha256":"9a66cd4750fc90ddb7df376aad824810244e7d1b0a8c2ab9310ac58818163ef7","source_id":"us-ky","stale":false,"prev":"us-ky/krs-184.190","next":"us-ky/krs-184.210"},"notice":"GroundRules: Original legal text. Not legal advice."}