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Treasurer programs: LGIP, bond fund, idle pool and Millennium endowment; interest reporting available to committee
Summary
Legislative analysts reviewed the State Treasurer’s investment programs — Local Government Investment Pool, Diversified Bond Fund, idle pool and Millennium Permanent Endowment Fund — and confirmed reporting on interest earnings is available on SharePoint.
The Joint Finance‑Appropriations Committee heard a summary of the investment programs run by the Idaho State Treasurer and where earnings from invested public funds are reported.
Christopher Lahoset, a budget analyst with the Legislative Services Office, summarized four treasurer programs: the Local Government Investment Pool (LGIP) for city and county cash management, the Diversified Bond Fund (DBF) for longer‑horizon agency investments, the state’s idle pool that manages day‑to‑day cash and the Millennium…
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