This new state fund, administered by the Department of Development, provides grants and loans to public entities to help them plan and implement projects to improve efficiency and increase savings through shared services. The LGIF will award up to $100,000 to individual applicants or up to $500,000 for collaborative projects. Multiple awards are available and the first applications are due on March 1, 2012. P3 will assist public organizations in developing LGIF applications, planning shared service projects, and administering LGIF grants.