New York City Bar Association: Statement in Opposition to the Diversion of IOLA Funds - No Matter How Worthy the Cause
April 19, 2024
April 19, 2024
NEW YORK, April 19 -- The New York City Bar Association issued the following statement on April 18, 2024:
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The New York City Bar Association is deeply disappointed by the inclusion in the FY2024-25 New York State budget of a late-breaking proposal from Governor Kathy Hochul to sweep $55 million of non-taxpayer dollars from the Interest on Lawyers Account Fund (IOLA). The initial executive budget had proposed sweeping $100 million from IOLA to the general fund, whic . . .
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The New York City Bar Association is deeply disappointed by the inclusion in the FY2024-25 New York State budget of a late-breaking proposal from Governor Kathy Hochul to sweep $55 million of non-taxpayer dollars from the Interest on Lawyers Account Fund (IOLA). The initial executive budget had proposed sweeping $100 million from IOLA to the general fund, whic . . .