Nevada Revised Statutes 332.340 – ‘Performance contract’ defined
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‘Performance contract‘ means a written contract between a local government and a qualified service company for the evaluation, recommendation and implementation of one or more operating cost-savings measures.
Terms Used In Nevada Revised Statutes 332.340
- Contract: A legal written agreement that becomes binding when signed.
- local government: means :
(a) Every political subdivision or other entity which has the right to levy or receive money from ad valorem taxes or other taxes or from any mandatory assessments, including counties, cities, towns, school districts and other districts organized pursuant to chapters 244, 318, 318A, 379, 450, 474, 539, 541, 543 and 555 of NRS. See Nevada Revised Statutes 332.015