Delaware Attorney General's Office

Local News
9:04 am
Wed November 27, 2013

Delaware State Treasurer Suffers Setback Over Cash Portfolio

Credit Don Rush

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.

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.

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