Idaho Board Statement of Understanding
Description
How to fill out Board Statement Of Understanding?
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Mission. To provide leadership, set policy, and advocate for transforming Idaho's educational system to improve each Idaho citizen's quality of life and enhance global competitiveness.
Local government investment pools are a means for local governments to invest excess tax revenues in a fund that will be liquid but provide the government additional income until the money is needed.
The investment pools aggregate, or pool, donations from many different Giving Accounts and invest those assets in an underlying investment(s). The investment pools typically invest in mutual funds, which are professionally managed and diversified across many different holdings. Not a Fidelity Charitable donor yet?
Participants. Participants in a government investment pool may include state or local municipalities, counties, school districts, utility districts, and local government units.
LGIP is an investment mechanism authorized by the Legislature and signed into law on , to provide local governments an opportunity to acquire maximum returns on investments by pooling available funds with funds from other political subdivisions.
The LGIP has been designed to consistently maintain the integrity of local funds within a diversified and safe portfolio, provide liquidity, and offer rates of return competitive with comparable investments.
