2002 Yellow Book |
Backward Forward Cover Overview Table of Contents |
NEW YORK INTEREST ON LAWYERS ACCOUNT |
Adjusted Executive Appropriation Request Percent 2001-02 2002-03 Change Change AGENCY SUMMARY Fiduciary 16,393,000 16,509,000 116,000 0.71% Total for AGENCY SUMMARY: 16,393,000 16,509,000 116,000 0.71% STATE OPERATIONS Fiduciary 1,443,000 1,559,000 116,000 8.04% Total for STATE OPERATIONS: 1,443,000 1,559,000 116,000 8.04% New York Interest on Lawyer Account Fiduciary 1,443,000 1,559,000 116,000 8.04% Total for Program: 1,443,000 1,559,000 116,000 8.04% AID TO LOCALITIES Fiduciary 14,950,000 14,950,000 0 0.00% Total for AID TO LOCALITIES: 14,950,000 14,950,000 0 0.00% New York Interest on Lawyer Account Fiduciary 14,950,000 14,950,000 0 0.00% Total for Program: 14,950,000 14,950,000 0 0.00% ALL FUNDS PERSONNEL BUDGETED FILL LEVELS Current Requested Program 2001-02 2002-03 Change New York Interest on Lawyer Account 9 9 0 Total All Other Funds : 9 9 0 TOTAL: 9 9 0 BUDGET HIGHLIGHTS (Executive Budget: pp. 337-338) The Interest on Lawyers Account (IOLA) was established in 1983 to finance civil legal services for those who cannot afford such services, and for the elderly and disabled. Funding for civil legal services is derived from interest earned on trust accounts that attorneys hold for their clients, which would not earn interest for their clients if held in a separate escrow account. IOLA is included in the Public Protection and General Government appropriation bill. The Executive proposes an All Funds appropriation of $16,509,000, an increase of $116,000 less than one percent over the State Fiscal Year (SFY) 2001-02 fund level. State Operations The Executive recommends a Fiduciary Fund appropriation of $1,559,000, an increase of $116,000 or 8.0 percent from SFY 2001-02 for salary adjustments and other costs associated with agency operations. Aid to Localities The Executive recommends a Fiduciary Fund appropriation of $14,950,000. This represents no change from the appropriation contained in the SFY 2001-02 enacted State budget. Actual grants made pursuant to this appropriation are subject to the availability of funds in the IOLA Fiduciary Account. |
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