Cash Management Policy Board http://delmarvapublicradio.net en Delaware Treasurer Gets Election Challenge http://delmarvapublicradio.net/post/delaware-treasurer-gets-election-challenge <p>Delaware State Treasurer Chip Flowers is expected to get a challenge from Governor Jack Markell’s policy director.</p><p>Sean Barney officially jumped into the race against the embattle official who saw the governor sign into law last week a measure that gives power over the state’s $2 billion cash portfolio to an appointed board instead of Flowers.</p><p>Barney told WDEL that he wants to restore integrity to the office.</p><p>And Markell issued a statement calling Barney a valuable member and respects his decision to run but added he will not endorse anyone in the primary.</p> Wed, 19 Feb 2014 16:36:00 +0000 Don Rush 49547 at http://delmarvapublicradio.net Delaware Treasurer Gets Election Challenge Board To Get Total Control of Delaware Cash Management http://delmarvapublicradio.net/post/board-get-total-control-delaware-cash-management <p>DOVER, Del. (AP) - The state House has given final approval to legislation asserting that an unelected board dominated by political appointees, not Delaware's elected treasurer, has authority over the state's $2 billion cash investment portfolio.</p><p>The House voted unanimously for the bill Thursday, two weeks after its unanimous approval by the Senate. The legislation now goes to Democratic Gov. Jack Markell, whose administration pushed for the legislation.</p> Fri, 31 Jan 2014 13:25:49 +0000 Don Rush 48543 at http://delmarvapublicradio.net Board To Get Total Control of Delaware Cash Management Delaware Lawmakers Blast Treasurer Chip Flowers http://delmarvapublicradio.net/post/delaware-lawmakers-blast-treasurer-chip-flowers <p>Delaware State Treasurer Chip Flowers was sharply criticized yesterday afternoon by House leadership for his troubled relationship with Delaware’s Cash Management Policy Board. &nbsp;</p><p>The criticism came before a committee cleared a bill that limits his ability to manage a $2 billion taxpayer portfolio.</p><p>Flowers has been in conflict with the board management of the state’s cash portfolio.</p><p>And board members appointed by Governor Jack Markell asked that the General Assembly settle the dispute.</p> Thu, 30 Jan 2014 14:08:27 +0000 Don Rush 48475 at http://delmarvapublicradio.net Delaware Lawmakers Blast Treasurer Chip Flowers Delaware Senate Votes Sole Cash Management Authority to Board http://delmarvapublicradio.net/post/delaware-senate-votes-sole-cash-management-authority-board <p>DOVER, Del. (AP) - The state Senate has unanimously approved legislation asserting that an unelected board dominated by political appointees, not Delaware's elected treasurer, has authority over the state's $2 billion cash investment portfolio.</p><p>The bill approved Thursday attempts to resolve disputes between treasurer Chip Flowers and other members of the Cash Management Policy Board.</p><p>Flowers blasted the legislation at a news conference on Wednesday, but Thursday's vote signaled a reconciliation of sorts between Flowers and Senate leaders.</p> Fri, 17 Jan 2014 16:23:40 +0000 Don Rush 47827 at http://delmarvapublicradio.net Delaware Senate Votes Sole Cash Management Authority to Board Control of Cash Management Policy Considered in Delaware http://delmarvapublicradio.net/post/control-cash-management-policy-considered-delaware <p>DOVER, Del. (AP) - State lawmakers are poised to discuss a bill stating that Delaware's treasurer has no direct control over the state's $2 billion cash management portfolio.&nbsp;</p><p>The bill, which was quickly tabled after being introduced last year, was scheduled for a Senate committee hearing on Wednesday.</p><p>State treasurer Chip Flowers, who has repeatedly clashed with Delaware's Cash Management Policy Board over who controls the portfolio, planned a news conference Wednesday in advance of the committee hearing to speak against the legislation.</p> Wed, 15 Jan 2014 13:29:45 +0000 Don Rush 47716 at http://delmarvapublicradio.net Control of Cash Management Policy Considered in Delaware Bill Barring Treasurer Control Over Cash Portfolio in Delaware http://delmarvapublicradio.net/post/bill-barring-treasurer-control-over-cash-portfolio-delaware <p>DOVER, Del. (AP) - State lawmakers are resurrecting a bill stating that Delaware's treasurer has no direct control over the state's $2 billion cash management portfolio.</p><p>The bill, which was quickly tabled after being introduced last year, is scheduled for a Senate committee hearing next week.</p><p>Consideration of the legislation comes after the attorney general's office ruled in November that the Cash Management Policy Board has sole legal authority to make investment decisions regarding the portfolio, and that the treasurer is subject to its directives.</p> Fri, 10 Jan 2014 15:43:02 +0000 Don Rush 47463 at http://delmarvapublicradio.net Bill Barring Treasurer Control Over Cash Portfolio in Delaware Delaware State Treasurer Suffers Setback Over Cash Portfolio http://delmarvapublicradio.net/post/delaware-state-treasurer-suffers-setback-over-cash-portfolio <p>WILMINGTON, Del. (AP) - Delaware's state treasurer has suffered a setback in his battle with a state panel over who controls Delaware's $2 billion cash management portfolio.</p><p>The attorney general's office ruled Tuesday that the Cash Management Policy Board has sole legal authority to make investment decisions regarding the portfolio, and that the treasurer is subject to its directives.</p> Wed, 27 Nov 2013 14:04:39 +0000 Don Rush 45368 at http://delmarvapublicradio.net Delaware State Treasurer Suffers Setback Over Cash Portfolio