Review Of DE Cash Management Board Continues - 47 ABC - Delmarva's Choice

Review Of DE Cash Management Board Continues

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DOVER, Del. (AP) - State lawmakers are considering possible reforms for the board that oversees Delaware's $2 billion cash portfolio.
    
Members of the legislature's Joint Sunset Committee held a hearing Wednesday regarding issues surrounding the Cash Management Portfolio Board.
    
The nine-member board has been the subject of infighting between elected state treasurer Chip Flowers and other members appointed by the governor.
    
The Sunset Committee periodically reviews state agencies, commissions or boards to determine whether there is still a need for them. Among the reforms it could recommend for the cash management board are financial disclosure requirements for board members, which Flowers has called for.
    
Lawmakers also may look at restricting political contributions from the cash board members, but Flowers' calls for term limits seemed to get little support among members of the legislative committee.

 

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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