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Email On March 13, 2013, the New York State Department of Health (“DOH”) along with 12 other State agencies released yet another iteration – the third version – of proposed regulations limiting the use of State funds for executive compensation and administrative expenses of health care providers and managed care plans (“Proposed Regulations (Version 3)”). The proposed regulations would implement Executive Order No. 38 (the “Executive Order”), issued by Governor Andrew Cuomo last year, on January 18, 2012. The Proposed Regulations (Version 3) supersede two earlier versions of the proposed regulations issued by DOH on October 31, 2012 (the “Proposed Regulations (Version 2)”) and May 30, 2012 (the “Proposed Regulations (Version 1)”). A full copy of the text of the Proposed Regulations (Version 3) is available on the DOH web site. Comments are due 30 days from issuance, or April 12, 2013. https://www.cadwalader.com/resources/clients-friends-memos/third-times-a-charm-new-york-state-agencies-release-latest-revision-of-proposed-regulations-restricting-executive-compensation-and-administrative-costs-of-state-funded-providers-and-managed-care-plans