DE SB143

Separates fiduciary standards for the College Investment Plan and Delaware ABLE Program from the Deferred Compensation Program, allowing the Board to use administrative fees for marketing expenses and scholarship or promotional programs.

Maintains a "prudent person" standard of care for the College Investment Plan and ABLE Program while providing greater flexibility than the existing ERISA-based standard applied to retirement plans.

Permits the Board to authorize use of administrative fees from the College Investment Plan and ABLE Program to defray reasonable administration expenses, marketing costs, and fund scholarship, match, or promotional programs at the Board's discretion.

Extends reimbursement and indemnification protections to subcommittee members who are not Board members, ensuring they receive the same travel expense reimbursement and legal liability protections as full Board members.

Clarifies that Board and subcommittee members may not receive compensation but are entitled to reimbursement for travel and meeting expenses, and state employees serving on the Board may count meeting time toward their regular work day without expending leave time.