FL PALM is a common law trust organized under the laws of the State of Florida, designed to meet the cash management and short-term investment needs of school districts, political subdivisions, and instrumentalities of the State. Established in 2010, FL PALM offers a short-term investment program providing daily liquidity through its FL PALM Portfolio and fixed-rate, fixed-term investments via the FL PALM Term Portfolio. The Trust’s investment objective is to provide investors with the highest possible investment yield while maintaining liquidity and preserving capital. It is directed by a Board of Trustees comprising experienced school board members, superintendents, public agency officials, and an Advisory Committee of senior finance officers from member districts and public agencies. The Florida School Boards Association (FSBA) and the Florida Association of District School Superintendents (FADSS) sponsor the Fund. ​