Section 4024 - Establishment of Lawyer Trust Account Board(a) Establishment.--There is hereby established the Lawyer Trust Account Board as an independent not-for-profit corporation. The board shall be responsible for administering the IOLTA fund and shall receive and distribute moneys in the IOLTA fund to qualified recipients as further specified in this act.(b) Source of fund revenues.--The IOLTA fund will receive the interest generated by qualified funds deposited by attorneys in unsegregated interest-bearing accounts designated IOLTA accounts.(c) Ownership.--The board shall hold the beneficial interest in trust accounts participating in the IOLTA program.(d) Open meeting law.--The meetings of the board shall be subject to the act of July 3, 1986 (P.L. 388, No. 84) , known as the Sunshine Act.1988, April 29, P.L. 373, No. 59, § 4, imd. effective.