The bill adds appointed members of the Cash Management Policy Board to the definition of “public officers.” This designation would subject the appointed members of the Board to annual financial disclosure requirements.
AN ACT TO AMEND TITLE 29 OF THE DELAWARE CODE RELATING TO FINANCIAL DISCLOSURE FOR PUBLIC OFFICERS
UPDATE: 6/8/17
SPONSORS: Kowalko, Walsh, Potter, Baumbach, Lynn, Osienski, Williams
YES VOTES:
NO VOTES:
HISTORY: Placed into the House Administration Committee on 3/9/17.
STATUS: Awaiting a hearing in committee.
Will be interesting to see where this goes, if anywhere. You might recall Chip Flowers’ spats with the Cash Management Board, precipitated in part by board members’ efforts to protect a certain large Delaware bank (hint: it was later acquired by M&T). Governor Jack strongly supported the board (one of whose members during the Flowers era was prominently mentioned in the Wilm U story in the Sunday NJ) and earlier efforts to force financial disclosures failed. Now, interestingly enough, one of the co-sponsors is Charles Potter, whose wife was taken down by Flowers in the 2010 primary. Paul Baumbach, one of the GA’s sharpest financial minds, is a cosponsor, and so is transparency advocate Kim Williams. Not making any predictions here, but this deserves watching.