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About The Program > Cash Management Services > Direct Deposit

The Trust offers its investors several direct deposit and direct payment options. Funds from numerous sources can be automatically deposited into a designated PLGIT account and will be available and earning interest immediately. Best of all, the service is provided at no cost.

Direct Deposit Programs are currently available for the following programs: 

School Subsidy 

    • Federal Project Payments
    • Social Security
    • National School Lunch Program

Department of Transportation, Commonwealth of Pennsylvania  

    • Liquid Fuels
    • Municipal State Police Fines and Penalties

Act 511 Taxes and Other Revenues Collected by: 

    • Berkheimer Associates
    • Berks County EIT
    • Central Tax Bureau
    • Chester County Tax Claim Bureau
    • Lancaster County Tax Collection Bureau
    • Pennsylvania Municipal Services
    • York County EIT
    • West Shore Tax Bureau

Office Of Justice Program Grants 

Small Community Program Grants 

Pennsylvania Treasury Department for Transportation Authorities 

Treasury Direct 

Pennsylvania Treasury Department of HUD 

State Library Subsidy 

Where forms and instructions are not available above, you may obtain them from the organizations listed. Many other programs not listed may be set up for direct deposit. Please contact your PLGIT Marketing Representative for assistance.

 


 

This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the investment objectives, risks, charges and expenses before investing in any of the Trust’s portfolios. This and other information about the Trust’s portfolios is available in the current Information Statement, which should be read carefully before investing. A copy of the Information Statement may be obtained by calling 1-800-572-1472 or is available on the Trust’s website at www.plgit.com. While the PLGIT, PLGIT/ARM and PLGIT/PRIME portfolios seek to maintain a stable net asset value of $1.00 per share and the PLGIT/TERM portfolio seeks to achieve a net asset value of $1.00 per share at its stated maturity, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Trust’s portfolios are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org) and Securities Investor Protection Corporation (SIPC) (www.sipc.org). PFM Fund Distributors, Inc. is a wholly owned subsidiary of PFM Asset Management LLC.

A description of the PLGIT CD Purchase Program is contained in the PLGIT Information Statement. The Information Statement contains important information and should be read carefully before investing. Investors may purchase Certificates of Deposit through the PLGIT CD Purchase Program only by executing an investment advisory agreement with the Trust’s Investment Adviser, PFM Asset Management LLC.

SMPLGIT, PLGIT-Class Shares, PLGIT/PLUS-Class Shares, PLGIT/I-Class SharesPLGIT/PRIME, PLGIT/TERM, PLGIT-CD, PLGIT/ARM, PLGIT/SAM, and PLGIT-CAP are service marks of the Pennsylvania Local Government Investment Trust.

 

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