Navigation Supreme Court approves FFLA’s reserves plan
The Supreme Court has approved an FFLA request to set aside nearly $143 million in a special reserve while the group formerly known as The Florida Bar Foundation distributes nearly $95 million in IOTA funds to legal aid organizations by a December 31 deadline.
Justices noted that FFLA’s proposed distribution of $94,832,278 to qualified grantee organizations throughout the state would still represent a 145% increase over the previous year.
“The Court finds that the proposed distribution and ‘additional reserve amount’ for fiscal year 2023-2024 funds are at this time reasonably prudent to promote stability in distribution of IOTA funds to qualified grantee organizations providing qualified legal services,” according to the October 4 Administrative Order, AOSC24-70.
