This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
Tennessee Pooling
Category:
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Multi-State
Control #:
US-OG-814
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Word;
Rich Text
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Lesson Summary. Municipal fund securities do not have to follow the regulations for traditional municipal securities, but do maintain their tax exempt status. They consist of: Local Government Investment Pools (LGIP) - pooled funds from different municipalities that are invested to meet government current obligations.
Local government investment pools (LGIP) are mutual funds set up by governments for investing excess money. LGIPs are sponsored and organized by the state treasurer of a state or a governing body like a county commission. They're set up to invest excess cash.
The largest fund managed by Treasury is the Tennessee Consolidated Retirement System (TCRS), which is commingled within the Tennessee Retiree Group Trust.
Participants. Participants in a government investment pool may include state or local municipalities, counties, school districts, utility districts, and local government units.
The Local Government Investment Pool (LGIP) presents a sound investment option for local government officials.
Tennessee's Bank Collateral Pool was authorized by the General Assembly in 1990 to allow banks and local governments statewide to participate in a pool designed to provide greater efficiency and a lower risk when collateralizing public funds.
Participants. Participants in a government investment pool may include state or local municipalities, counties, school districts, utility districts, and local government units.
Local government investment pools function much like money market funds. Typically, government investment funds pool the resources of participating governments and invest in various securities as permitted under state law. Local government investment pools function much like money market funds.