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New York State Adopts Restrictions on Executive Compensation and Administrative Expenditures by Service Providers



byHarold N. Iselin
Greenberg Traurig, LLP - Albany Office

David W. Oppenheim
Greenberg Traurig, LLP - Florham Park Office

June 10, 2013

Previously published on June 7, 2013

In January 2012, New York’s Governor unveiled a proposal to limit the State’s reimbursement to not-for-profit and for-profit service providers for the administrative costs and the compensation paid to executives. Approximately 16 months later, 13 State agencies announced final adoption of regulations that take effect July 1, 2013. (Despite this effective date, as is described below, many affected entities will not be required to comply with the restrictions until 2014 and will not have reporting obligations until 2015.)


 

The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.
 

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Author
 
Harold N. Iselin
David W. Oppenheim
Greenberg Traurig, LLP
 
Albany Office
Florham Park Office
Practice Area
 
Government
 
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