Fla. High Court Indicates Changes Coming To IOTA Funding

By Carolina Bolado (May 5, 2021, 3:52 PM EDT) -- The Florida Supreme Court hinted Wednesday that changes to how funds from interest on attorney trust accounts are distributed will be coming, but the justices seemed open to tweaks that would lessen the blow of a proposal that legal aid groups say would cripple their abilities to serve low-income individuals.

At oral arguments on the controversial proposed rules that would constrain how the Florida Bar Foundation disburses IOTA funds to legal aid organizations, the justices waved off what they called "the sky is falling" criticism of the proposals.

"Judging from a lot of the response to this, you would think you...

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