Local Government Investment Pool (LGIP)
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 December 2018, there were more than 760 accounts within the pool, totaling more than $6.2 billion.
- Participants include 83 municipalities, 59 school districts, 33 counties and 51 special purpose districts.
Learn more with our infographic:
What is the SC LGIP? (PDF)
LGIP Monthly Rates
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