Governor Cuomo’s Executive Order 38 and Final Regulations Affecting New York State-Funded Service Providers
New York State agencies have promulgated final regulations (the “Final Regulations”) to implement Executive Order 38, which was issued by Governor Cuomo on January 18, 2012. The Final Regulations will be effective as of July 1, 2013 and serve to (i) limit the amount of State funds or State-authorized payments that may be spent for administrative costs and executive compensation, subject to the availability of certain waivers, and (ii) impose reporting obligations on certain State-funded nonprofit and for-profit service providers.