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New York Postpones Caps on Executive Compensation and Administrative Expenses for State Contractors (PDF)
Buck May 2, 2013
"In certain circumstances, the cap on allowable administrative expenses and the reporting requirements apply to subcontractors and agents of covered providers. If the cap applies, covered providers must incorporate by reference the terms of these regulations into their agreements with a subcontractor or agent.... The caps are effective on the first day of the provider's reporting period -- July 1, 2013 for providers using a July 1st fiscal year and January 1, 2014 for providers that annually report on a calendar-year basis."
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