Establishes certain governance and service standards for developmental disability service providers; appropriates $300,000.

This New Jersey bill (A 994) establishes governance and financial standards for developmental disability service providers receiving $250,000+ in state-funded billable services annually. It requires these "covered provider agencies" to create independent boards (majority non-affiliated members), hold quarterly meetings, publicly share board details, and appoint recipient advocates as non-voting observers. Key financial provisions include limiting administrative costs to 15% of program revenue, setting salary caps for executives based on agency size, banning loans to staff/board members, and mandating annual audited financial reports. These rules directly affect agencies serving individuals enrolled in state disability waiver programs, aiming to ensure funds primarily benefit recipients rather than administrative costs.