"The Illinois Funds" previously known as The Illinois Public Treasurer's Investment Pool, was established by the IMTA with the help of the State Treasurer, Alan Dixon. Mr. Dixon deserves much of the credit in the successful development of this statewide pool.
The "The Illinois Funds" is designed as a convenient means of investing short term funds held by municipalities, it provides for investment of municipal funds for as short as one day. The Illinois Funds interest rate, because of the amounts of pooled funds, are the best available on a daily basis. Interest is computed and reinvested daily. The Illinois Funds continues to be administered by Illinois State Treasurer Michael Frerichs. This pool has grown to more than three billion dollars in assets and over 1700 members.