A10253 Summary:

BILL NOA10253A
 
SAME ASSAME AS S09130-A
 
SPONSORRules (Solages)
 
COSPNSRRosenthal L, Raga, Simone, Lupardo
 
MLTSPNSR
 
Amd §97-v, St Fin L
 
Relates to the use of funds and payments from the IOLA fund; provides that funds and payments shall not be used for any other purpose other than as stated in section 97-v of the state finance law.
Go to top    

A10253 Actions:

BILL NOA10253A
 
05/15/2024referred to governmental operations
05/22/2024amend (t) and recommit to governmental operations
05/22/2024print number 10253a
Go to top

A10253 Committee Votes:

Go to top

A10253 Floor Votes:

There are no votes for this bill in this legislative session.
Go to top

A10253 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A10253A
 
SPONSOR: Rules (Solages)
  TITLE OF BILL: An act to amend the state finance law, in relation to the use of funds and payments from the IOLA fund   PURPOSE: To allow IOLA appropriations to occur outside the budget process, ensur- ing that the original legislative intent of IOLA is adhered to   SUMMARY: Section 1. Amends paragraph h of subdivision 3 of section 97-v of the state finance law, as added by chapter 659 of the laws of 1983. Section 2. Sets the effective date.   JUSTIFICATION: The Interest on Lawyers Trust Accounts Fund (IOLA Fund) is a state created means of providing additional financial support to civil legal organizations, which in turn, increases access to justice across New York State. While the IOLA Fund is state created, the money in the fund does not come from the state. As its name implies, the money in the IOLA Fund comes from the interest generated on accounts in the care of attor- neys on behalf of their clients. When attorneys act as fiduciaries for their clients' money, they must put this money into an interest bearing account, either for the benefit of the clients or for the IOLA fund. The interest from the accounts to benefit the IOLA fund is pooled and used to support legal services organizations across the state. These organizations provide crucial civil legal services to low-income New Yorkers, across areas including consumer protection, education, employment, family, health, housing, immigration, income maintenance, and individual rights. This bill will ensure that the IOLA board of trustees is able to act on their authority to make appropriations to the legal services organizations, in line with the state's intentions when IOLA was created, and to do so outside of the budget process.   LEGISLATIVE HISTORY: New bill.   FISCAL IMPLICATIONS: None.   EFFECTIVE DATE: This act shall take effect immediately.
Go to top

A10253 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                        10253--A
 
                   IN ASSEMBLY
 
                                      May 15, 2024
                                       ___________
 
        Introduced  by  COMMITTEE  ON  RULES -- (at request of M. of A. Solages,
          L. Rosenthal) -- read once and referred to the  Committee  on  Govern-
          mental  Operations  --  committee  discharged,  bill  amended, ordered
          reprinted as amended and recommitted to said committee
 
        AN ACT to amend the state finance law, in relation to the use  of  funds
          and payments from the IOLA fund

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Paragraph f of subdivision 3 of section 97-v of  the  state
     2  finance  law, as added by chapter 659 of the laws of 1983, is amended to
     3  read as follows:
     4    f. The board shall insure that grants  and  contracts  are  made  with
     5  not-for-profit providers of civil legal services for the poor to provide
     6  stable,  economical and high quality delivery of civil legal services to
     7  the poor throughout the state. Notwithstanding  any  provision  of  law,
     8  rule  or  regulation  to  the  contrary, funds shall not be used for any
     9  other purpose other than as stated in this section.
    10    § 2. Paragraph h of subdivision 3 of section 97-v of the state finance
    11  law, as added by chapter 659 of the laws of 1983, is amended to read  as
    12  follows:
    13    h.  All  payments  from the IOLA fund shall be made by the state comp-
    14  troller upon certification and authorization of the board of trustees of
    15  the fund. Notwithstanding any provision of law, rule  or  regulation  to
    16  the  contrary,  payments  shall  not be used for any other purpose other
    17  than as stated in this section.
    18    § 3. This act shall take effect on the first of April next  succeeding
    19  the date on which it shall have become a law.
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15305-03-4
Go to top

A10253 LFIN:

 NO LFIN
Go to top

A10253 Chamber Video/Transcript:

Go to top