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IOLTA forced to tap reserves for second year (access required)

Last year, the board members of IOLTA - the fund that comes from interest on trust accounts - sat around a U-shaped table in downtown Raleigh and did something they didn't want to do: Withdraw $1 million from reserves. One year later, at their annual grant-making meeting earlier this month, they did it again. It wasn't an easy decision, board members said. But in the current economic climate it was the only way to hold somewhat steady on the grants that fund Legal Aid and other organizations that provide help in civil actions for those who can't afford attorneys.

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