{"data":{"id":"us-ky/krs-65.2004","jurisdiction":"us-ky","citation":"KRS 65.2004","heading":"Periodic payment of damages.","body":"(1) Upon motion of a local government against which final judgment has been rendered\nfor a claim within the scope of KRS 65.200 to 65.2006, the court, in accordance\nwith subsection (2) of this section, may include in such judgment a requirement that\nthe judgment be paid in whole or in part by periodic payments. Periodic payments\nmay be ordered paid over a period of time not exceeding ten (10) years. Any\nperiodic payment, upon becoming due under the terms of the judgment, shall\nconstitute a separate judgment. An y judgment ordering any such payments shall\nspecify the total amount awarded, the amount of each payment, the interval between\npayments and the number of payments to be paid under the judgment. Judgments\npaid pursuant to this section shall bear interest ac cruing from the date final\njudgment is entered, at the interest rate as specified in KRS 360.040. For good\ncause shown, the court may modify such judgment with respect to the amount of\nsuch payments and the number of payments, but the total amount of damag es\nawarded by such judgment shall not be subject to modification in any event and\nperiodic payments shall not be ordered paid over a period in excess of ten (10)\nyears.\n(2) A court may order periodic payment only upon finding that:\n(a) Payment of the judgment is not totally covered by insurance; and\n(b) Funds for the current budget year and other funds of the local government\nwhich lawfully may be utilized to pay judgments are insufficient to finance\nboth the adopted budget of expenditures for the year and the payment of that\nportion of the judgment not covered by insurance.","path":["KRS Chapter 65"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=23370","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:20Z","sha256":"fbdfb94ec80c7ec2398a33ed4520f737b70a8c82d03a8b6d3f6e068778032d9f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-65.2003","next":"us-ky/krs-65.2005"},"notice":"GroundRules: Original legal text. Not legal advice."}