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New York State agencies issue proposed regulations regarding the administration expenses and executive compensation of state-supported entities

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • June 26 2012

Pursuant to Executive Order 38 issued by Governor Cuomo, thirteen New York State agencies released very similar proposed regulations on May 16, 2012, placing a limit on the funds that can be used for administrative expenses and executive compensation by entities, both for-profit and not-for-profit, that receive state funds or state-authorized payments to provide services