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Funding
Grant funds administered by WisTAF come from three main sources: the Interest on Lawyers Trust Accounts (IOLTA) program, the Public Interest Legal Services Fund (PILSF) program, and the State of Wisconsin civil legal services appropriation. The IOLTA and PILSF programs were established by the Wisconsin Supreme Court to make Wisconsin’s justice system accessible to all, regardless of income. The IOLTA program is supported by participating financial institutions across the state, while all practicing Wisconsin attorneys and judicial members support the PILSF program.
For the first time in history, the Wisconsin legislature included $1,958,600 for low-income civil legal services, to be administered by WisTAF, in its 2007-2009 budget. This amount was increased to $2,546,100 million annually in its 2009-2011 budget in an attempt to help fill the void in state funding for civil legal services.
In 2009 WisTAF granted more than $3 million to 15 legal services agencies. 2009 grants included $250,000 from WisTAF’s IOLTA program, $891,000 from the Public Interest Legal Services Fund and $1,958,000 from the civil legal services appropriation. WisTAF also was honored to disburse $123,000 from the Wisconsin Equal Justice Foundation.
Over the past 22 years, WisTAF has granted nearly $37 million to agencies working for increased access to civil justice.
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| | | What's new | FDIC Adopts Final Rule Extending TAG Program Through December 31, 2010
June 22, 2010 - The Federal Deposit Insurance Corporation (FDIC) adopted a final rule extending the Transaction Account Guarantee (TAG) program for six months, from July 1, 2010 through December 31, 2010. Under the TAG program, customers of participating insured depository institutions are provided full coverage on qualifying transaction accounts. more |
| New FDIC rule extends insurance coverage on IOLTA accounts until at least December 31, 2010
On April 13, 2010, the Federal Deposit Insurance Corporation (FDIC) approved interim rules extending the Transaction Account Guarantee (TAG) Program to December 31, 2010. The rule provides for unlimited insurance for non-interest bearing transaction accounts (including IOLTA and functionally equivalent accounts), regardless of dollar amount, held in participating financial institutions. The rule also allows for the FDIC to extend the program through December 31, 2011 if the FDIC determines that economic conditions warrant such an extension. more |
| Now available - List of IOLTA Participating Financial Institutions and Prime Partners
The Wisconsin Trust Account Foundation, Inc. (WisTAF) works closely with financial institutions to verify their status as "IOLTA participating financial institutions" in the Interest on Lawyers' Trust Accounts (IOLTA) Program and assist in aligning with the rule governing IOLTA accounts. more |
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