Executive Compensation/Administrative Expense Cap Guidance Website

Esq. Stephen B. Hanse in Legislative

Governor Cuomo’s Executive Order #38 executive compensation/administrative expense cap regulations became effective on July 1, 2013.  In an effort to offer providers guidance as to the applicability of these regulations, the Administration has established a website at http://executiveorder38.ny.gov/. Among other things, the website provides a video recording overview of the regulations, including their key elements and waiver information; preliminary guidance documents and worksheets; and answers to frequently asked questions.

NYSHFA/NYSCAL continues to work with the Administration in an effort to provide clarity as to the scope and impact of these regulations.  To date, two separate legal actions have been brought challenging these regulations. NYSHFA’s Legal Action Committee is presently reviewing the matter.

NYSHFA CONTACT:

 

Stephen B. Hanse, Esq.
Vice President, Governmental Affairs
518-462-4800 x25