Interest on lawyer's trust accounts are paid to the The Mississippi Bar Foundation. RANDALL | SEGREST participates in the IOLTA Program. On March 1, 2010, the Foundation released the following press release:
The Mississippi Bar Foundation announces the availability of funds from the Interest on Lawyers Trust Accounts Program. The IOLTA Program was created by Order of the Mississippi Supreme Court dated May 30, 1984 and is administered by the Foundation.
As provided in the Supreme Court Order, IOLTA funds have been designated
for use solely for the following purposes:
a. To provide legal aid to the poor
b. To provide law-related education for the public
c. To provide law student loans and scholarships
d. To improve the administration of justice
The Grant Application package may be found on the Bar’s website, www.msbar.org. The application reflects the policies and guidelines adopted by the Foundation for IOLTA Grants. We encourage you to review the grants package carefully - grant guidelines have changed. All applications are due by noon on April 12, 2010. The Board of Trustees will make grant selections during June, and all applicants will be notified.
