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.