Local Government Investment Pool
Section 22G of Article 95 of the Annotated Code of Maryland establishes the Maryland Local Government Investment Pool (LGIP) and assigns to the State Treasurer's Office the responsibility for administering the Pool. The actual management of the Pool has been contracted out to The PNC Financial Services Group, Inc.
The Treasurer has encouraged local governments and eligible authorities to participate in the Pool, a "AAAm" rated money market account.
