40.050 Computation of bonus. - Kentucky Statutes

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40.050 Computation of bonus. (1) Every person determined by the administrator to be a qualified veteran shall be paid the sum of nine dollars ($9) for each month and major fraction of a month of active
duty, in the Armed Forces in the continental United States, not to exceed in all the
sum of three hundred dollars ($300), and the sum of fifteen dollars ($15) for each
month and major fraction of a month of such service outside the continental United
States, subject to an aggregate limit for all service in the sum of five hundred dollars
($500). A veteran who served in one or more of the conflict periods defined in
subsections (15), (16), (17), and (18) of KRS 40.010 shall be limited to a maximum
payment of three hundred dollars ($300) if no part of his total service during the
periods specified was served outside the continental United States, or five hundred
dollars ($500) if a part of his total service during the periods specified was served
outside the continental United States. (2) If a person determined to have been a qualified veteran shall be deceased at the time payment of the veterans' bonus would otherwise be made to him, the amount of his
bonus shall be paid to the first surviving beneficiary, if any, according to the order
of priority defined in subsection (8) of KRS 40.010 and if there be no surviving
beneficiary, the bonus of such veteran shall lapse, and no payment thereof shall be
made. (3) A beneficiary (as defined in subsections (8), (9), (10), (11), and (12) of KRS 40.010) of a person killed in the line of duty while on active duty in the Armed
Forces during the periods defined in subsections (15), (16), (17), and (18) of KRS
40.010 or person who died of service-connected injury sustained while on active
duty in the Armed Forces during the conflict periods defined above shall be paid
three hundred dollars ($300) if no part of his total service during these periods was
served outside the continental United States or five hundred dollars ($500) if any
part of his total service during these periods was served outside the continental
United States. The provisions of subsection (1) and the minimum period of service
for entitlement to a bonus as established by subsection (2) of KRS 40.010 shall not
apply to these beneficiaries. However, this exception does not waive the respective
maximums of three hundred dollars ($300) or five hundred dollars ($500) for each
veteran, person killed in the line of duty while on active duty in the Armed Forces,
or person who died as a result of service-connected injury sustained while on active
duty in the Armed Forces. Effective: February 20, 1960
History: Created 1960 Ky. Acts ch. 15, sec. 5, effective February 20, 1960.