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Local Agency Investment Fund (LAIF)

This program offers local agencies the opportunity to participate in a major portfolio, which invests hundreds of millions of dollars, using the investment expertise of the State Treasurer's Office investment staff at no additional cost to the taxpayer.


Program Description How to Participate Procedures for LAIF Transactions Forms LAIF Statutes Board Members

LAIF Online

LAIF Online is now available for all participants. View the User Help Guide to get started.

Contact Information

Fiona Ma, CPA
State Treasurer and Chair

Kristin Szakaly-Moore
Director of Investments

Jeff Wurm
Assistant Director of Investments
(916) 653-3147

Christina Sarron
LAIF Administrator

Office Hours 7:30 AM to 4:00 PM
Phone: (916) 653-3001
Fax: (916) 589-2840

State Treasurer's Office
Local Agency Investment Fund
915 Capitol Mall, Room 106
Sacramento, CA 95814

P.O. Box 942809
Sacramento, CA 94209-0001

Please Note:
If you are unable to reach LAIF during regular business hours, please use the emergency phone numbers.

Emergency lines will be activated ONLY in case of emergency and WILL NOT be answered when regular LAIF lines are operational.

LAIF Emergency Numbers

  • (916) 539-0272
  • (916) 539-0273
  • (916) 539-0275
  • (916) 539-0276

Additional Investment Information

Pooled Money Investment Account (PMIA)

PMIA logo


Time Deposit Program

Time Deposit Program logo


Connect With Us

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Performance and Reporting Documents

Emergency LAIF Account

Emergency LAIF accounts are open to any local agency meeting LAIF Participant requirements and receiving PG&E wildfire settlement payments.


LAIF Participation as of 12/31/2019
2,362 Agencies

Pie chart showing LAIF participation

LAIF Balance by Type as of 12/31/2019

Total $26.7 billion
(chart dollars in millions)

Pie chart showing LAIF Balance by Type