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§ 4030. Distribution of IOLTA funds

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 62 P.S. Poor Persons and Public Welfare

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 62 P.S. Poor Persons and Public Welfare (Refs & Annos)
Chapter 32. Interest on Lawyers' Trust Accounts Act
62 P.S. § 4030
§ 4030. Distribution of IOLTA funds
(a) Allocation of funds generally.--After deducting allowable administrative costs, the funds available to the board for grants in any fiscal year shall be allocated to qualified recipients for the purpose of delivering legal assistance to eligible clients, the elderly, the disabled, the homeless, victims of abuse and seasonal farmworkers. Such funds shall be allocated according to the geographical distribution of persons eligible for such legal assistance throughout this Commonwealth.
(b) Allocation to qualified recipients.--After computing allocation of local option funds by bar foundations, the funds available to the board shall be allocated to assure that at least 75% of the total IOLTA funds raised, after deducting administrative costs, are allocated to qualified recipients who operate to provide civil legal services to eligible clients and victims of abuse under contract with the Department of Public Welfare1 for the expenditure of funds appropriated by the General Assembly for the provision of legal services. No more than 25% of the total IOLTA funds raised, after deducting administrative costs, shall be allocated to provide direct specialized legal services primarily to individuals who are elderly, disabled or homeless; are seasonal farmworkers; or are victims of crime or abuse.
(c) Allocation for administration.--The board shall determine an appropriate allocation, not to exceed 10% of the funds available in any fiscal year, for administration of the program, including, but not limited to, payment of the personnel expenses of an executive director, board employees and the development of the program throughout this Commonwealth, except that in the first year of implementation, the board may use such additional funds as are reasonably necessary to initiate the program.
(d) Local option.--An attorney or law firm may designate a bar foundation to receive no more than 20% of the total funds which that attorney or firm generates, if the following conditions are met:
(1) The bar foundation is approved by the board.
(2) No funds are used for administrative purposes or support services.
(3) All funds collected are distributed as grants to qualified recipients and are timely reported to the board as required.
(4) All grants are awarded in a manner which is consistent with the purposes of this act.
All bar foundations which establish funds shall make an annual report to the board and are subject to audit by the board.

Credits

1988, April 29, P.L. 373, No. 59, § 10, effective in 6 months.

Footnotes

Now Department of Human Services; see 62 P.S. § 103.
62 P.S. § 4030, PA ST 62 P.S. § 4030
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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