2011 Nevada Revised Statutes
Chapter 333A - State Performance Contracts for Operating Cost-Savings Measures
NRS 333A.150 - Financial mechanisms to guarantee operational cost savings are realized.


NV Rev Stat § 333A.150 (2011) What's This?

A performance contract must include appropriate financial mechanisms determined to be necessary by the State Treasurer to guarantee that operating cost savings are realized by the using agency if the actual cost savings do not meet the predicted cost savings.

(Added to NRS by 2003, 3059) (Substituted in revision for NRS 333.650)

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