GroundRules
← Search the law
Nevada · Through 2025 session (NRS as revised 2026-08-25) · Newer source version available

NRS 332.410: Use of savings realized throughout term of contract.

Read at publisher ↗
Where this section sits in the code
  1. TITLE 27 — PUBLIC PROPERTY AND PURCHASING
  2. CHAPTER 332 - PURCHASING: LOCAL GOVERNMENTS
  3. PERFORMANCE CONTRACTS FOR OPERATING COST-SAVINGS MEASURES

A local government may use any savings realized throughout the term of a performance contract to:

1. Make any payments required under the performance contract, including, without limitation, the payment of finance charges; and

2. Reinvest into other operating cost-savings measures provided the local government:

(a) Is satisfying all its other obligations under the performance contract; and

(b) Complies with the requirements of NRS 332.300 to 332.440, inclusive, when reinvesting the savings into other operating cost-savings measures.

Collected 2026-09-03T05:51:37Z. Source file · JSON

Browse this collection