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2020 Oklahoma Statutes
Title 62. Public Finance
§62-9010.3. Definitions.
Universal Citation: 62 OK Stat § 62-9010.3 (2020)
As used in the Pay for Success Act:
1. "Pay–for-success contract" or "contract" means a written agreement executed in order to create a public-private partnership contingent upon a specified service or program meeting specified performance targets and outcome measures; and
2. "Success payment" means a single payment or schedule of payments that is identified in a pay-for-success contract to be paid when specified performance targets and outcome measures are met.
Added by Laws 2019, c. 202, § 3, eff. Nov. 1, 2019.
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