LGIP stands for Local Government Investment Pools. The Pools were established in the Arizona Constitution under A.R.S. §35-326 and the activity and performance of the pools are reviewed monthly by the State Board of Investment in accordance with A.R.S. §35-311.
Local Governments may also deposit money with the Treasurer for investment. These funds are invested in the Local Government Investment Pools. These deposits are voluntary, but provide many benefits to local governments. The Treasurer’s office pools LGIP investments with other funds to provide greater liquidity and greater yield than possible on their own, and the Treasurer’s Office provides this service at a much lower cost than other options.