cash investment portfolio

Local News
8:25 am
Fri January 31, 2014

Board To Get Total Control of Delaware Cash Management

Credit Don Rush

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.

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.

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