State Executive Budget Proposes Repealing Existing FI Law and Replacing it with a Law that Would Authorize Fewer FIs to Operate

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Last night, the New York State Executive Budget was released and it proposes repealing and replacing the existing Social Services Law Section 365-f, the law that establishes consumer directed and fiscal intermediary services. The overwhelming majority of the changes proposed would become effective April 1, 2019. This alert summarizes the State Executive Budget proposal (the “Proposal”).

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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