The LGIP invests in time deposits, commercial paper, U.S. agency securities, repurchase agreements, and U.S. Treasuries. Please view the Investment Policy to examine the directives that govern the investing of these funds. A copy of the portfolio for the most recent month and historical periods is available on this website in order to see the specific investments held. The longest maturity allowed is 397 days. The fund must also maintain a weighted average maturity (WAM) of 60 days or less, a weighted average life (WAL) of 120 days or less, and must maintain at least 10% in daily liquid assets and 30% in weekly liquid assets. All of these requirements, and more, are the requirements of a fund that maintains compliance with GASB 79. Full compliance with GASB 79 is required in order for the fund to operate and report at amortized cost.