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The Local Government Investment Pool "LGIP" is an investment pool with the primary purpose of providing
a safe liquid vehicle for investing idle funds and to obtain the best interest rate available at the
time of investment.
The LGIP puts an investment manager to work for you, analyzing current market conditions and comparing
different investments. All funds are combined together for greater purchasing power; this means greater
earning potential for all pool members. Local agencies have the best of both worlds: overnight availability
and improved earnings.
The LGIP also serves as a source of information for local government agencies on investment types, market
conditions, and risk evaluation. Local agencies are always welcome to contact the LGIP office with questions
at any time.
* An investment in the LGIP is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or
any other government agency. Although the LGIP seeks to preserve the value of your investment at $1.00 per share,
it is possible to lose money by investing in the LGIP.
Announcement - The Idaho State Treasurer’s Local Government Investment Pool has been assigned a AAAf fund credit quality rating and an S1+ volatility rating by Standard & Poor’s Ratings Services.
The AAAf rating of the LGIP signifies that according to analysis conducted by Standard & Poor’s, the portfolio holdings provide extremely strong protection against losses from credit defaults.
The S1+ volatility rating assigned to the LGIP indicates the Fund possesses extremely low sensitivity to changing market conditions, and a level of risk that is less than or equal to that of a portfolio comprised of the highest-quality fixed income instruments with an average maturity of one year or less.
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- Idaho Statutes
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 LGIP Standard & Poors Credit Rating Announcement
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LGIP Standard & Poors Credit Rating
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LGIP Investment Policy
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LGIP Statement of Understanding
- LGIP Rates
- LGIP Investment Portfolio
- eBank Web Site - Access your LGIP account online to make ACH and Interpool transactions.
- Forms
- FAQs
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Who is eligible to participate?
- Participation is open to all state agencies and to all political subdivisions including: Cities, Towns,
Counties, Public Retirement Systems, Regional School Districts, Local Public Agencies, Public Health
Districts, Irrigation and Soil Conservation Districts and Water and Sewer Districts.
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What is the cost to participate?
- A service fee will be deducted monthly, prior to distribution of interest. Historically, the total net
earnings for each agency have been decreased by 2.5 to 4.5 basis points.
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What is the application process?
- Complete the new application listed under “Forms” on this page. This form must be signed by a board member, other than the Contact Person listed on the form, and accompanied by a Board Membership Roster of your agency.
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Submit LGIP Comments or Questions
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