Welcome
The LGIP presents a great tool for the investing strategies of Tennessee's local governmental entities. Many governments in the state have chosen to round out their investment arsenals with LGIP accounts. We offer a competitive rate with competitive service and multiple other benefits such as several levels of checks and balances to every transaction.
We provide a method for agencies to invest funds with same or next-day access at a healthier rate of return than the entity might receive elsewhere. The LGIP also allows multiple accounts under the same participant (up to 99) with individualized, detailed reports. Many local governments who explore the LGIP option find better liquidity, easier separation of funds, and superior returns.
Newsletter Survey
Exposure to SIV's, CDO's, etc...
Money market funds, like the State Pooled Investment Fund (SPIF), were designed to be safe places to invest cash. The investment goals of the SPIF are safety, liquidity, and return, in that order. Money market funds are designed to have a stable Net Asset Value (NAV) of $1.00, therefore if you invest a dollar, you should receive a dollar plus some earnings in return. These funds were designed to have no tolerance for risk.
Operations Manual
INTRODUCTION
The State Treasurer operates the State Pooled Investment Fund of which the Local Government Investment Pool (LGIP) is a part. The legislation providing for the establishment of the LGIP (Tennessee Code Annotated, Title 9, Chapter 4, Part 7) authorizes investment in the LGIP for local governments and other political subdivisions.
LGIP Documents
Contact Information
Monday through Friday
8 a.m. to 4:30 p.m. Central
Telephone number
(615) 532-1163
Fax
(615) 741-0755
Address
P.O. Box 198785
Nashville, TN 37219-8785
