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DE SB151

Bill

Official Source

Status

Passed

2/14/2014

Primary Sponsor

Patricia Blevins

Click for details

Origin

Senate

147th General Assembly

AI Summary

  • Amends Title 29, Chapter 27, Section 2716(a)(2) of the Delaware Code regarding the Cash Management Policy Board
  • Requires financial institutions providing banking and investment services to be selected through an open and competitive basis as defined by the Board
  • Grants the Board majority vote authority to approve the selection of each financial institution
  • Empowers the Board by majority vote to set policy on allocation between short and long-term investments and fund distribution to selected financial institutions

Legislative Description

An Act To Amend Title 29 Of The Delaware Code Relating To The Cash Management Policy Board.

Last Action

Signed by Governor

2/14/2014

Committee Referrals

Administration1/16/2014
Executive7/9/2013

Full Bill Text

No bill text available