Supreme Court Establishes Interest on Minor Judiciary Trust Accounts Program
On August 3, 2004, the Supreme Court of Pennsylvania adopted an order establishing
the Minor Judiciary Interest on Trust Accounts program. Members of the minor
judiciary are directed to maintain funds received in their official capacity
in interest-bearing accounts. The interest earned by such funds is to be delivered
to and administered by the Pennsylvania IOLTA Board for the following purposes:
- educational legal clinical programs and internships administered by law
schools located in Pennsylvania, with emphasis given to providing grants
to these programs such that the total funding they receive from the IOLTA
Board is relatively stable and reasonably predictable from year to year in
accordance with the allocation plan approved by the Court:
- delivery of civil legal assistance to the poor and disadvantaged in Pennsylvania
by non-profit corporations described in Section 501(c)(3) of the Internal
Revenue Code of 1986, as amended; and
- administration and development of the MJ-IOTA program in Pennsylvania.
The text of the MJ-IOTA rule is available online here.