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 September 2019, there are more than 800 accounts within the pool, totaling more than $6.5 billion.
  • Participants include 92 municipalities, 63 school districts, 35 counties, 55 special purpose districts and more.

What is the SC LGIP thumbnail

 

Learn more with our infographic: 
What is the SC LGIP? (PDF)




 


LGIP Average Monthly Rates

The average monthly rates, reflect an average of the daily rate to participants. Please refer to your statements for actual monthly rate.

Month FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
July 0.28 0.71 1.08 2.07 2.42
August 0.30 0.70 1.06 2.10 2.28
September 0.35 0.78 1.08 2.09 2.18
October 0.40 0.77 1.10 2.26 2.08
November 0.39 0.78 1.12 2.31 1.92
December 0.49 0.86 1.24 2.39  
January 0.57 0.90 1.35 2.43  
February 0.63 0.92 1.44 2.43  
March 0.70 0.97 1.68 2.47  
April 0.67 1.01 1.88 2.45  
May 0.69 1.01 1.94 2.41  
June 0.70 1.07 2.01 2.30  

 


Resources

LGIP Financial Statements:

LGIP Newsletters:

iPAS:

Forms and Instructions: