The North Carolina Investment Pool (the "NCIP" or "Pool") is a commingled local government investment pool established to invest idle funds in various short-term investments in accordance with North Carolina General Statute 159-30. NCIP is duly authorized under North Carolina General Statute 159-30(c)(10), was created by an interlocal agreement established under North Carolina General Statute 160A-461 through 464 and is administered by a statutorily compliant trust for the benefit of North Carolina Units of Local Government and governed by a board of trustees comprised of representatives of those Units of Local Government. NCIP was created under the trust to pool and invest funds of the participating Units of Local Government to take advantage of economies of scale to increase investment options for idle funds... NCIP offers a range of services to assist Units of Local Government with their investment and arbitrage compliance needs and can be used for many types of government funds..