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Treasurer’s office outlines LGIP, idle pool, diversified bond fund and Millennium endowment; idle pool earned about $249 million in FY2024
Summary
Christopher Lahoset summarized the State Treasurer’s investment programs — LGIP, DBF, the idle pool and the Millennium endowment — and reported the idle pool earned over $249 million in FY2024.
Christopher Lahoset, budget and policy analyst with Legislative Services Office, summarized the four investment programs managed by the State Treasurer’s Office and reported recent interest results.
Programs described
- Local Government Investment Pool (LGIP): A short‑term, low‑risk pooled vehicle to help cities, counties, school districts and other local governments earn interest on idle cash while retaining liquidity. Lahoset said it is managed under Idaho Code 67‑12‑26.
- Diversified Bond Fund (DBF): A longer‑horizon fund (roughly three and a half years or more)…
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