Local Government Investment Pool

Providing local governments an opportunity to acquire maximum returns

LGIP is an investment mechanism authorized by the Legislature and signed into law on May 13, 1983, to provide local governments an opportunity to acquire maximum returns on investments by pooling available funds with funds from other political subdivisions. Section 6-6-10, Section 12-45-220 and Section 11-1-60 of the 1976 Code of Laws of South Carolina authorize the State Treasurer to sell to all political subdivisions of the State participation units in the Pool, which shall be legal investments for the subdivisions.

  • As of April 2018, there were more than 650 accounts within the pool, totaling more than $7.1 billion.
  • Participants include 82 municipalities, 56 school districts, 32 county treasurers and 51 special purpose districts.

LGIP Financial Statements


LGIP June 30, 2017

LGIP June 30, 2016


LGIP Newsletters


July 2018 Newsletter


LGIP Monthly Rates

MonthFY 2016FY 2017FY 2018FY 2019
July 0.28 0.71 1.08 2.07
August 0.30 0.70 1.06 2.10
September 0.35 0.78 1.08 2.09
October 0.40 0.77 1.10  
November 0.39 0.78 1.12  
December 0.49 0.86 1.24  
January 0.57 0.90 1.35  
February 0.63 0.92 1.44  
March 0.70 0.97 1.68  
April 0.67 1.01 1.88  
May 0.69 1.01          1.94  
June 0.70 1.07 2.01  

iPAS

iPAS Login

IPAS User Guide for LGIP Participants 

IPAS Consent Form

Forms and Instructions

Contact Information

For more information about the Local Government Investment Pool, please contact:

Courtney Hogue
Accounting Manager
(803) 734-2110
courtney.hogue@sto.sc.gov

Melissa Simmons
Director of Banking
(803) 734-2662
melissa.simmons@sto.sc.gov

If you have any questions about LGIP please email sto.lgip@sto.sc.gov

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