| 2003 Yellow Book | |||||
| Backward | Forward | Cover | Overview | Agency Summaries | Agency Details |
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New York Interest on Lawyers Account (Summary) View Details |
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Adjusted Appropriation 2002-03 |
Executive Request 2003-04 |
Change |
Percent Change |
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| AGENCY SUMMARY | |||||
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| Fiduciary | 16,509,000 | 14,588,000 | (1,921,000) | -11.6% | |
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| Total for AGENCY SUMMARY: | 16,509,000 | 14,588,000 | (1,921,000) | -11.6% | |
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ALL FUNDS PERSONNEL BUDGETED FILL LEVELS |
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| Fund |
Current 2002-03 |
Requested 2003-04 |
Change |
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| All Other Funds: | 9 | 9 | 0 |
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| TOTAL: | 9 | 9 | 0 |
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Budget Highlights |
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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. State Operations The Executive recommends an All Funds fiduciary appropriation of $14,588,000 for the State Fiscal Year (SFY) 2003-04, reflecting a decrease of $1,921,000 or 11.6 percent. The Executive recommends a State Operations appropriation of $1,588,000 for the State Fiscal Year (SFY) 2003-04, reflecting an increase of $29,000 or two percent from SFY 2002-03. The net increase in State Operations funds reflects salary adjustments and other costs associated with agency operations. Aid To Localities The Executive recommends a fiduciary fund appropriation of $13,000,000 for SFY 2003-04, a decrease of $1,950,000. |
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