Nevada Revised Statutes 333A.150 – Financial mechanisms to guarantee operational cost savings are realized
Current as of: 2023 | Check for updates
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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.
Terms Used In Nevada Revised Statutes 333A.150
- Contract: A legal written agreement that becomes binding when signed.