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Home » ‘Backed Into Corner,’ Lawmakers Lobby To Remove IOLA From Budget Process
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‘Backed Into Corner,’ Lawmakers Lobby To Remove IOLA From Budget Process

News RoomBy News RoomMay 13, 20241 Min Read
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‘Backed Into Corner,’ Lawmakers Lobby To Remove IOLA From Budget Process
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New York’s civil legal services community converged on the Albany Capitol on Monday to back a legislative bill that would ensure that the executive branch’s diversion from a lawyers’ interest-bearing account would be limited to a one-time occurrence.

The legal advocates are still stewing about lawmakers signing off on Gov. Kathy Hochul’s diversion of $55 million from the New York State Interest on Lawyers Account Fund for the fiscal year that began in April, with $40 million going toward the Homeowner Protection Program and $15 million for an eviction prevention program.

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