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New LGIP Investment Participant Application - Arizona State Treasurer

New LGIP Investment Participant Application - Arizona State Treasurer 2025

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The document is a Local Government Investment Pool Participant Application form, intended for applicants to provide their information, including details about the investment pool, authorized individuals for transactions, and bank information. It also includes sections for internal use and treasurer authorization.

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Click ‘Get Form’ to open the New LGIP Investment Participant Application in our editor.
Begin by filling out the 'Applicant Information' section. Enter your name and address clearly, ensuring all details are accurate.
In the 'New Account Information' section, specify the investment pool and fund name. Choose from the provided options if applicable.
List individuals authorized to make transactions in the designated area. Ensure you include their full names for clarity.
Complete the 'Bank Information' section by entering your bank's name, address, account number, and ABA routing number accurately.
For the 'Authorized Signer' section, provide the name of the signer along with their signature and date to validate the application.

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What are the responsibilities of the Arizona state treasurer?

Local government investment pools (LGIPs) are established by states to provide other governmental entities (e.g., cities, counties, school districts or other state agencies) with a short-term investment vehicle, often formed as a trust, to purchase shares or units in an investment portfolio.

What is the local government investment pool Lgip?

The state treasurer is elected during midterm elections to a four-year term. The responsibilities of the Arizona state treasurer include; distribution and transfer of tax revenue funds, federal pass-through funds, and additional appropriations to state departments, municipalities, school districts, and organizations.

Who can invest in an LGIP?

Participants. Participants in a government investment pool may include state or local municipalities, counties, school districts, utility districts, and local government units.

What is the purpose of the state treasury?

County treasurers, who are elected to four-year terms, serve as the local county banker, safe keeper of all taxes, and investor of local funds. The responsibilities of county treasurers include: Collection of local taxes, particularly the real property and personal property taxes.

What are the responsibilities of a treasurer?

The office is a highly sophisticated organization with a wide range of financial responsibilities, including managing the investment of all state funds, issuing bonds, serving as the central bank for state agencies and administering programs such as ABLE and college savings, and unclaimed property.