S 9590 New York Senate · 2025 Regular Session

Allowing certain payments from the IOLA fund to be made without appropriation by law

This bill modifies New York State law to allow payments from the Interest on Lawyer Account (IOLA) fund to be made without requiring a separate appropriation by law. The IOLA fund is a state-managed account that holds interest earned on client funds deposited in interest-bearing accounts, which is then used for legal aid services. Under the new provision, the State Comptroller can release money from this fund based on certification and authorization from the fund's board of trustees, streamlining the payment process for legal aid recipients. This change affects how legal aid organizations receive funding, allowing for more flexible disbursement of IOLA monies without waiting for annual budget approval.
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2026
Committee Review
Floor Vote
Governor
Introduced Mar 26, 2026 Last action Mar 26, 2026
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Committee
1
Mar 26, 2026
Committee
REFERRED TO FINANCE
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Luis Sepúlveda
Luis Sepúlveda
DDemocratic
NY
32