Delaware Board to Oversee Conservation Funds - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Delaware Board to Oversee Conservation Funds

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WILMINGTON, Del. (AP) - A little more green is in the future for the board charged with overseeing Delaware's $1.8 billion cash portfolio.

Gov. Jack Markell will sign legislation this week authorizing Delaware's Cash Management Portfolio Board to manage endowment accounts associated with the state's land and water conservation trust fund and parks funds.

The legislation allows use of endowment accounts to hold funds for open space protection and local outdoor recreation, park and trail projects.

The legislation also reduces the local match requirement for outdoor recreational projects from 50 percent to 25 percent.

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