Nevada Revised Statutes 332.371 – Requirements for performance contract that guarantees operating cost savings
Current as of: 2023 | Check for updates
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A performance contract that guarantees operating cost savings must identify the specific dollar amount and units or percentages of consumption that the qualified service company anticipates will be eliminated or avoided on a long-term basis as a result of the operating cost-savings measures that the local government is implementing.
Terms Used In Nevada Revised Statutes 332.371
- 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