Series 50: Local Government Investment Pools (LGIPs)

Taken from our Series 50 Online Guide

Local Government Investment Pools (LGIPs)

Local government investment pools (LGIPs) are trusts established by state and local governments that offer municipal entities a place to invest their money. Government entities use their surplus cash to purchase interests in a trust, which invests the assets in a large portfolio of securities according to the trust’s investment objectives and state laws. Only municipal governments and their instrumentalities may invest in thes

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