The Local Government Investment Pool (LGIP) is a voluntary investment vehicle operated by the State Treasurer. Over 530 local governments have participated in the pool since it was started in 1986 to provide safe, liquid, and competitive investment options for local government pursuant to RCW 43.250.
The LGIP lets local governments use the State Treasurer’s resources to safely invest their funds while enjoying the economies of scale available from a $15-26 billion pooled fund investment portfolio.
LGIP’s investment objectives are, in priority order: 1) safety of principal, 2) maintaining adequate liquidity to meet cash flows, and 3) providing a competitive interest rate relative to other comparable investment alternatives. LGIP offers 100% liquidity to its participants.
The LGIP portfolio is managed in a manner generally consistent with SEC regulated Rule 2a-7 money market funds. LGIP investment guidelines are spelled out in the LGIP Investment Policy.
LGIP Participants include: all 39 counties in Washington state; all Washington cities with a population greater than 10,000, and 229 cities and towns total; plus 160 special taxing districts; 30 community colleges and universities; 7 State Agencies; and 24 other public bodies
For more information on the LGIP please take a look at our operations manual or please feel free to contact us if you have any questions at 1-800-331-3284.
Should the LGIP’s toll free number become unusable in the event of an emergency, either weather related or otherwise, please call the LGIP Emergency Number, (360) 333-1238. The number will be available for your use in making LGIP transactions. Please leave a message for a transaction exactly in the same manner as you would using the toll-free number. Again, this number will only be used in the event the toll-free number becomes unavailable.
Additional information on the LGIP
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