UNOFFICIAL COPY 25 RS BR 1252 Page 1 of 8 XXXX 2/13/2025 5:49 PM Jacketed AN ACT relating to the affordable housing trust fund. 1 Be it enacted by the General Assembly of the Commonwealth of Kentucky: 2 Section 1. KRS 64.012 is amended to read as follows: 3 (1) The county clerk shall receive for the following services the following fees: 4 (a) 1. Recording and indexing of a: 5 a. Deed of trust or assignment for the benefit of creditors; 6 b. Deed; 7 c. Deed of assignment; 8 d. File-stamped copy of documents set forth in KRS 14A.2-040(1) or 9 (2) that have been filed first with the Secretary of State; 10 e. Real estate option; 11 f. Power of attorney; 12 g. Revocation of power of attorney; 13 h. Lease which is recordable by law; 14 i. Deed of release of a mortgage or lien under KRS 382.360; 15 j. United States lien; 16 k. Release of a United States lien; 17 l. Release of any recorded encumbrance other than state liens; 18 m. Lis pendens notice concerning proceedings in bankruptcy; 19 n. Lis pendens notice; 20 o. Mechanic's and artisan's lien under KRS Chapter 376; 21 p. Assumed name; 22 q. Notice of lien issued by the Internal Revenue Service; 23 r. Notice of lien discharge issued by the Internal Revenue Service; 24 s. Original, assignment, amendment, or continuation financing 25 statement; 26 t. Making a record for the establishment of a city, recording the plan 27 UNOFFICIAL COPY 25 RS BR 1252 Page 2 of 8 XXXX 2/13/2025 5:49 PM Jacketed or plat thereof, and all other service incident; 1 u. Survey of a city, or any part thereof, or any addition to or 2 extensions of the boundary of a city; 3 v. Recording with statutory authority for which no specific fee is set, 4 except a military discharge; 5 w. Will or other probate document pursuant to KRS Chapter 392 or 6 394; 7 x. Court ordered name change pursuant to KRS Chapter 401; 8 y. Land use restriction according to KRS 100.3681; and 9 z. Filing with statutory authority for which no specific fee is set. 10 For all items in this paragraph[subsection] if the entire thereof 11 does not exceed 12 five (5) pages ........................................................... $50.00[$33.00] 13 And, for all items in this paragraph[subsection] exceeding five (5) 14 pages, 15 for each additional page ...........................................................$3.00 16 And, for all items in this paragraph[subsection] for each 17 additional reference 18 relating to same instrument .....................................................$4.00 19 2. a. The fifty dollar ($50)[thirty-three dollar ($33)] fee imposed by this 20 paragraph[subsection] shall be divided as follows: 21 i.[a.] Twenty-seven dollars ($27) shall be retained by the county 22 clerk; and 23 ii.[b.] Twenty-three dollars ($23)[Six dollars ($6)] shall be paid to 24 the affordable housing trust fund established in KRS 25 198A.710 and shall be remitted by the county clerk within 26 ten (10) days following the end of the quarter in which the 27 UNOFFICIAL COPY 25 RS BR 1252 Page 3 of 8 XXXX 2/13/2025 5:49 PM Jacketed fee was received. Each remittance to the affordable housing 1 trust fund shall be accompanied by a summary report on a 2 form prescribed by the Kentucky Housing Corporation. 3 b. On January 1, 2026, and every year thereafter, the fee allowed 4 by this paragraph shall be equal to the prior fee multiplied by the 5 greater of: 6 i. The percent increase in the nonseasonally adjusted annual 7 average Consumer Price Index for All Urban Consumers 8 (CPI-U), U.S. City Average, All Items, between the two (2) 9 most recent calendar years available, as published by the 10 United States Bureau of Labor Statistics; or 11 ii. One (1). 12 c. Any fee increase created by subdivision b.i. of this subparagraph 13 shall be distributed in its entirety to the Affordable Housing 14 Trust Fund at the same time and in the same manner as the 15 distribution in subdivision a.ii of this subparagraph. 16 (b) For noting a security interest on a certificate of title pursuant to 17 KRS Chapter 186A ..................................................................................$12.00 18 (c) For filing the release of collateral under a financing statement 19 and noting same upon the face of the title pursuant to KRS Chapter 20 186 or 186A ...............................................................................................$5.00 21 (d) Filing or recording state tax or other state liens ........................................$5.00 22 (e) Filing release of a state tax or other state lien ...........................................$5.00 23 (f) Acknowledging or notarizing any deed, mortgage, power of attorney, 24 or other written instrument required by law for recording and certifying 25 same ..................................... ......................................................................$5.00 26 (g) Recording plats, maps, and surveys, not exceeding 24 inches by 27 UNOFFICIAL COPY 25 RS BR 1252 Page 4 of 8 XXXX 2/13/2025 5:49 PM Jacketed 36 inches, per page ..................................................................................$40.00 1 (h) Recording a bond, for each bond .............................................................$10.00 2 (i) Each bond required to be taken or prepared by the clerk ..........................$4.00 3 (j) Copy of any bond when ordered .........................................................................$3.00 4 (k) Administering an oath and certificate thereof ...........................................$5.00 5 (l) Issuing a license for which no other fee is fixed by law ............................$8.00 6 (m) Issuing a solicitor's license .......................................................................$15.00 7 (n) Marriage license, indexing, recording, and issuing certificate thereof ....$26.50 8 (o) Every order concerning the establishment, changing, closing, or 9 discontinuing of roads, to be paid out of the county levy when 10 the road is established, changed, closed, or discontinued, and by 11 the applicant when it is not ...............................................................$3.00 12 (p) Registration of licenses for professional persons required to register 13 with the county clerk ......................................................................$10.00 14 (q) Certified copy of any record ......................................................................$5.00 15 Plus fifty cents ($.50) per page after three (3) pages 16 (r) Filing certification required by KRS 65.070(2)(a) ....................................$5.00 17 (s) Filing notification and declaration and petition of candidates 18 for Commonwealth's attorney ........................................................$200.00 19 (t) Filing notification and declaration and petition of candidates for county 20 and independent boards of education .............................................$20.00 21 (u) Filing notification and declaration and petition of candidates for 22 boards of soil and water conservation districts ...............................$20.00 23 (v) Filing notification and declaration and petition of candidates for 24 other office ......................................................................................$50.00 25 (w) Filing declaration of intent to be a write-in candidate for office ..............$50.00 26 (x) Filing petitions for elections, other than nominating petitions ................$50.00 27 UNOFFICIAL COPY 25 RS BR 1252 Page 5 of 8 XXXX 2/13/2025 5:49 PM Jacketed (y) Notarizing any signature, per signature .....................................................$2.00 1 (z) Filing bond for receiving bodies under KRS 311.310 .............................$10.00 2 (aa) Noting the assignment of a certificate of delinquency and recording 3 and indexing the encumbrance under KRS 134.126 or 134.127 .............$27.00 4 (ab) Filing a going-out-of-business permit under KRS 365.445 .....................$50.00 5 (ac) Filing a renewal of a going-out-of-business permit under KRS 365.445 $50.00 6 (ad) Filing and processing a transient merchant permit under KRS 365.680 .$25.00 7 (ae) Recording and indexing a real estate mortgage: 8 1. For a mortgage that does not exceed thirty (30) pages ...... $70.00[$63.00] 9 2. And, For a mortgage that exceeds thirty (30) pages, for each additional 10 page .........................................................................................$3.00 11 (af) Filing or recording a lien or release of lien by a consolidated local 12 government, urban-county government, unified local government, or city of 13 any class ................................................................................................$20.00 14 (2) (a) The seventy dollar ($70)[sixty-three dollar ($63)] fee imposed by subsection 15 (1)(ae) of this section shall be divided as follows: 16 1.[(a)] Fifty-seven dollars ($57) shall be retained by the county clerk; and 17 2.[(b)] Thirteen dollars ($13)[Six dollars ($6)] shall be paid to the 18 affordable housing trust fund established in KRS 198A.710 and shall be 19 remitted by the county clerk within ten (10) days following the end of 20 the quarter in which the fee was received. Each remittance to the 21 affordable housing trust fund shall be accompanied by a summary report 22 on a form prescribed by the Kentucky Housing Corporation. 23 (b) On January 1, 2026, and every year thereafter, the fee allowed by this 24 subsection shall be equal to the prior fee multiplied by the greater of: 25 1. The percent increase in the nonseasonally adjusted annual average 26 Consumer Price Index for All Urban Consumers (CPI-U), U.S. City 27 UNOFFICIAL COPY 25 RS BR 1252 Page 6 of 8 XXXX 2/13/2025 5:49 PM Jacketed Average, All Items, between the two (2) most recent calendar years 1 available, as published by the United States Bureau of Labor 2 Statistics; or 3 2. One (1). 4 (c) The fee increase created by paragraph (b)1. of this subsection shall be 5 distributed in its entirety to the Affordable Housing Trust Fund at the same 6 time and in the same manner as the distribution in paragraph (a)2. of this 7 subsection. 8 (3) (a) For services related to the permanent storage of records listed in paragraphs 9 (a), (g), (n), and (ae) of subsection (1) of this section, the clerk shall be 10 entitled to receive a reimbursement of ten dollars ($10). 11 (b) In counties or a county containing an urban-county government, charter 12 county government, or unified local government: 13 1. This fee shall: 14 a. Not be paid annually to the fiscal court under KRS 64.152; 15 b. Not be paid to the Finance and Administration Cabinet under KRS 16 64.345; 17 c. Be accumulated and transferred to the fiscal court or the legislative 18 body of an urban-county government on a monthly basis within 19 ten (10) days following the end of the month; 20 d. Be maintained by the fiscal court or the legislative body of an 21 urban-county government in a separate bank account and 22 accounted for in a separate fund; and 23 e. Not lapse to the general fund of the county or urban-county 24 government. 25 2. The moneys accumulated from this fee shall be held in perpetuity by the 26 fiscal court or the legislative body of an urban-county government for 27 UNOFFICIAL COPY 25 RS BR 1252 Page 7 of 8 XXXX 2/13/2025 5:49 PM Jacketed the county clerk's exclusive use for: 1 a. Equipment related to the permanent storage of and access to 2 records, including deed books, binders, shelves, microfilm 3 equipment, and fireproof equipment; 4 b. Hardware for the permanent storage of and access to records, 5 including computers, servers, and scanners; 6 c. Software for the permanent storage of and access to records, 7 including vendor services and consumer subscription fees; 8 d. Personnel costs for the permanent storage of and access to records, 9 including overtime costs for personnel involved in the digitization 10 of records; and 11 e. Cloud storage and cybersecurity services for the permanent storage 12 of and access to records. 13 3. Notwithstanding KRS 68.275, claims by a county clerk that are for the 14 approved expenditures in subparagraph 2. of this paragraph shall be paid 15 by the county judge/executive or the chief executive officer of an urban-16 county government by a warrant drawn on the fund and co-signed by the 17 treasurer of the county or urban-county government. 18 4. No later than July 1 of each year, each county fiscal court or legislative 19 body of an urban-county government shall submit a report to the 20 Legislative Research Commission detailing the receipts, expenditures, 21 and any amounts remaining in the fund. 22 (c) In a county containing a consolidated local government: 23 1. The fee shall not: 24 a. Be paid to the Finance and Administration Cabinet under KRS 25 64.345; or 26 b. Lapse to the general fund of the consolidated local government. 27 UNOFFICIAL COPY 25 RS BR 1252 Page 8 of 8 XXXX 2/13/2025 5:49 PM Jacketed 2. The moneys accumulated from this fee shall be held in perpetuity by the 1 county clerk in a separate fund to be used exclusively for: 2 a. Equipment related to the permanent storage of and access to 3 records, including deed books, binders, shelves, microfilm 4 equipment, and fireproof equipment; 5 b. Hardware for the permanent storage of and access to records, 6 including computers, servers, and scanners; 7 c. Software for the permanent storage of and access to records, 8 including vendor services and consumer subscription fees; 9 d. Personnel costs for the permanent storage of and access to records, 10 including overtime costs for personnel involved in the digitization 11 of records; and 12 e. Cloud storage and cybersecurity services for the permanent storage 13 of and access to records. 14 3. No later than July 1 of each year, the county clerk shall submit a report 15 to the consolidated local government and the Legislative Research 16 Commission detailing the receipts, expenditures, and any amounts 17 remaining in the fund. 18 Section 2. This Act applies to fees received by a county clerk for services 19 provided on or after August 1, 2025. 20