Series 6: 5.5.1. Local Government Investment Pools (LGIPs)

Taken from our Series 6 Top-off Online Guide

5.5.1. 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 these

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