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New York Limits Executive Compensation and Administrative Expenses at State-Funded Service Providers (PDF)

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PDF :Electronic, 11 Pages
ISBN: 9781422429983
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$63.00
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In May 2013, 13 NY State agencies adopted final regulations limiting executive compensation and administrative expenses at State-funded service providers as required by Executive Order 38. The regulations, effective July 1, 2013, have already proven to be extremely divisive. This Analysis examines the Dept. of Health's regulations and posits the constitutional issues raised by Executive Order 38 and the ensuing regulations.

 

Joseph G. Casion is a partner in  Harter Secrest & Emery LLP, Rochester, N.Y., providing general corporate counsel to both business entities and not-for-profit organizations. His practice includes providing counsel to clients on formation, transactions, joint ventures, mergers, and acquisitions, and advising not-for-profit organizations regarding the attainment of tax-exempt status and ongoing compliance with federal and state tax-exempt requirements.

 

Joshua E. Gewolb is an associate with Harter Secrest & Emery LLP, Rochester, N.Y.  He is experienced in  federal income tax matters, along with a wide range of corporate transactions, including asset and stock acquisitions, reorganizations, and spin-offs in the context of both closely held and publicly traded businesses. He also maintains an active practice advising not-for-profit entities on tax and corporate matters.

 

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