Navigation Court OKs FFLA reserve to stabilize future IOTA distributions
The Supreme Court has approved a Funding Florida Legal Aid (FFLA) request to set aside $96.4 million of the $260.4 million in IOTA funds collected in the 2024–25 fiscal year to maintain a rolling reserve.
Acting October 29 in AOSC25-66, the court found that FFLA’s distribution and additional reserve amount “are at this time reasonably prudent to promote stability in distribution of IOTA funds.”
After the reserve and administrative costs are deducted, Florida’s legal aid organizations will receive $125 million under a new IOTA rule the Supreme Court approved in 2023.
