{"data":{"id":"us-ky/krs-268.220","jurisdiction":"us-ky","citation":"KRS 268.220","heading":"Treasurer acts for all boards in county -- Bond -- Audit of books --","body":"Statement of accounts -- Issue and form of warrant -- Interest on unpaid\nwarrants.\n(1) The treasurer of the board in any county shall hold the office of treasurer of all\ndistricts organized in that county, and shall receive and receipt for all the drainage\nassessments collected by the sheriff. He shall give bond in the amount fixed by the\nboard. This bond shall remain in the custody of the president of the board and be\nkept separate f rom all papers in the custody of the secretary or treasurer. The\ntreasurer shall keep all funds deposited in some bank, to be designated by the board.\nAll interest paid on the fund shall be credited to the district. The board shall have\nthe books of the tr easurer audited by a competent accountant appointed by it, as of\nDecember 31 in each year, and shall file a copy of the auditor's report with the clerk\nof the court where the district was organized, and publish a statement within thirty\n(30) days showing t he amount of money received, the amount paid out during that\nyear and the amount in the treasury at the beginning and end of the year.\n(2) The treasurer shall pay out funds of the district only on warrants issued by the\nboard. Warrants shall be issued only  on the order of the board at a regular meeting,\nof which a record shall be kept. Warrants shall be signed by the president of the\nboard and attested by the secretary. All warrants shall be in substantially the\nfollowing form:\n\"$........................... fund .................. No. of warrant ..............................\ntreasurer of district No. .................. of .................. County (or Counties), Kentucky.\n\"Pay to ............. dollars out of the money in .................. fund of the d istrict.\nFor .................. By order of board of drainage commissioners of .................. County.\nThis ............. day of .................., 19.........\n(Seal)\nPresident of board of drainage commissioners of ............. County\nAttest: ............. Secretary.\"\n(3) If any warrant is not paid when presented to the treasurer because of lack of funds in\nthe treasury, that fact shall be endorsed on the back of the warrant, and it shall draw\ninterest thereafter at the rate of six percent (6%) per  annum, until there is money on\nhand to pay it with interest then accumulated. No interest shall be allowed on any\nwarrant after that time.","path":["KRS Chapter 268"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=12945","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:13Z","sha256":"c8f4897b8b131cf7dd7e96be05838234367a0a48da075bf901c2fc04ac45f51e","source_id":"us-ky","stale":false,"prev":"us-ky/krs-268.210","next":"us-ky/krs-268.230"},"notice":"GroundRules: Original legal text. Not legal advice."}