The House Select Committee on Oversight and Reform will hold a hearing October 22 at 9 a.m.

The committee will hear testimony from North Carolina Bar Association Executive Director Peter Bolac and Mary Irvine, executive director of North Carolina IOLTA (Interest on Lawyers’ Trust Accounts).

IOLTA exists to support those who provide legal services to the indigent and programs that improve the administration of justice. Its funding comes from the interest earned on the accounts where retainer fees, settlement fees, and other advance payments are held. Committee members will investigate NC IOLTA’s funding, the composition of its board, and the pattern of awarding grants to left-leaning organizations.

In June, the General Assembly passed SB429 freezing the group’s ability to make grants while members learn more.

Co-Chair Harry Warren (R-Rowan) said, “IOLTA was created in good faith to help those who need help with the justice system, but over the years, it seems to have become a boondoggle for woke causes that try to thwart the General Assembly’s work. We look forward to hearing IOLTA officials explain their decisions.”