LAIF logo

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.

Contact LAIF at (916) 306-8260 or

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

Contact Information

Fiona Ma, CPA
State Treasurer and Chair

Jeff Wurm
Director of Investments
(916) 653-3147

Kim McCorstin
Assistant Director of Investments
(916) 653-3147

Lily Osorio
LAIF Administrator
(916) 653-3001

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
901 P Street, Room 213B
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) 539-0273
  • (916) 539-0275
  • (916) 539-0276
  • (916) 708-2649

Additional Investment Information

Pooled Money Investment Account (PMIA)

PMIA logo


Time Deposit Program

Time Deposit Program logo


Connect With Us

Sign Up to Get LAIF Information Contact Us!

LAIF Participants may begin the process for LAIF Online registration by emailing and requesting their unique Authorized User ID. Once you have your Authorized User ID, you may register here and immediately begin using LAIF Online.

LAIF office hours will remain the same, Monday – Friday, 7:30 am to 4:00 pm. LAIF Online continues to be available Monday – Friday, 7:00 am – 7:00 pm.

Transactions completed by 10:00 am will be processed the same day. Transactions completed after 10:00 a.m. will be processed the next business day. Transactions may be scheduled as far as 10 days in advance.

2,341 Agencies

Pie chart showing LAIF participation

LAIF Balance by Type as of 06/30/2024

Total $21.97 billion
(chart dollers in millions)

Pie chart showing LAIF Balance by Type

Percentages may not total 100% due to rounding.