National Legal Services Corporation Act

National Legal Services Corporation Act - Establishes, under the Economic Opportunity Act of 1964, a National Legal Services Corporation. Declares that Congress should create a private, nonprofit corporation to encourage the availability of legal services and legal institutions to all citizens of the United States, free from extraneous interference and control.

Establishes a nonprofit corporation, subject to the corporate laws of the District of Columbia, which shall not be an agency or establishment of the Federal Government. Establishes an incorporating trusteeship composed of: (1) the President and President-elect of the American Bar Association; (2) the Presidents of the National Legal Aid and Defenders Association; (3) the President of the American Association of Law Schools; (4) the President of the American Trial Lawyers Association; and (5) the President of the National Bar Association.

Directs the trustees to, within sixty days after enactment, establish an eleven member Clients Advisory Council from among persons recommended by the Boards of Directors of existing Legal Services programs and who are representative of the client community.

Directs the trustees, additionally, to establish a Project Attorneys Advisory Council to assist in carrying out the purposes of this Act. Directs the Clients and Project Attorneys Advisory Council to select three representatives to serve on the Corporation's Board of Directors.

Establishes a nineteen-member Board of Directors. Enumerates the method of appointment of the Directors and their terms of office.

Authorizes the Board to establish a Clients Advisory Council and a Project Attorneys Advisory Council subsequent to the original Councils constituted by this Act. Provides that each Council shall be composed of eleven-members whose duty it shall be to advise the President on, respectively, the needs of the members of the client community and on general policy relating to the furnishing of legal services to that community.

Prescribes the activities and powers of the Corporation.

Prohibits the Corporation from making contributions to or supporting any political party or candidate for public office. Assures full access to Corporation records pursuant to the Freedom of Information Act.

Authorizes an annual audit by the General Accounting Office and requires the Comptroller General to make a report to Congress on any such audit. Provides Federal control over the corporation or its employees. Provides for the orderly continuation of the existing Legal Services Program Reserves and makes available to the Legal Services Corporation amounts, appropriated to the Office of Economic Opportunity for carrying out the Economic Opportunity Act of 1964, not less than $140 million for fiscal year 1972, and $170 million for fiscal year 1973.