Rule 44.2 - Statement of purpose(1) The commission will use the interest earned on IOLTA accounts as directed by the supreme court. The funds are to be used for the tax-exempt public purposes, which the supreme court may prescribe from time to time consistent with Internal Revenue Code regulations and rulings.(2) The IOLTA program is intended to fill a critical need for legal services to low income persons in civil cases as well as educational and other specific law-related programs designed to improve the administration of justice in Iowa.Lawyer. Trust. Acc. Comm. Gran. Crit. & Guid. 44.2
Court Order December 27, 1985, effective 2/3/1986; 11/9/2001, effective 2/15/2002; 12/10/2012; 12/13/2017, effective 1/1/2018.