Articles in regional publications that pertain to a wide range of North Carolina-related topics.
Local Government Investment Pools
Record #:
18506
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Abstract:
Local Government Investment Pools, LGIPs, permit local governments to invest excess cash in coordination with other local branches or state agencies which typically yield higher returns than individual investments. The state was only one of twelve in the country participating in LGIPs in 1981. Management of these funds fell to the state treasurer who opened and managed a private mutual fund for small government branches.
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