Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE27 PUBLIC PROPERTY AND PURCHASING |
CHAPTER332. Purchasing: Local Governments |
PERFORMANCE CONTRACTS FOR OPERATING COST-SAVINGS MEASURES |
NRS332.440. Financial mechanisms to guarantee operational cost savings are realized.
Latest version.
- A performance contract must include appropriate financial mechanisms determined to be necessary by the city or county treasurer, as appropriate, to guarantee that operating cost savings are realized by the local government if the actual cost savings do not meet the predicted cost savings.
(Added to NRS by 2003, 3054)